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BREAKING NEWS
GAIL floats LNG swap tender for US-loaded cargoes
GAIL (India) Ltd, India's largest state-owned natural gas company, has issued a swap tender offering two US-loaded LNG cargoes in exchange for two deliveries into India, reports Reuters.
The company is offering one cargo for loading on a free-on-board basis on January 27 at Sabine Pass, Louisiana, and another on March 10 at Cove Point, Maryland.
In return, the company is seeking two delivered ex-ship cargoes for the Dabhol terminal, with delivery windows of January 27-31, 2025, and February 1-7, 2025.
The tender will close on November 25.
Shares of GAIL ended 1.35 per cent lower at Rs 180.52 on Monday.
Source: ET Energyworld. Com
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