Gail Issues Tender To Buy & Sell LNG

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Gail (India) (GAIL.NS) has issued a tender seeking to buy a liquefied natural gas (LNG) cargo for delivery into India and offering a cargo for loading from the United States, reports Reuters.

Tender info

It is seeking the cargo for September delivery into Dahej, India and has offered a cargo for loading from the Cove Point plant in the United States during March 4-6, one of the sources said.

The tender closes on Aug. 19, the source added.

The Indian importer has 20-year deals to buy 5.8 million tonnes a year of U.S. LNG, split between Dominion Energy’s (D.N) Cove Point plant and Cheniere Energy’s (LNG.A) Sabine Pass site in Louisiana.

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Source: Reuters