08-01-2019

India seeks spot LNG cargoes -traders

India’s state-run Gujarat State Petroleum Corp (GSPC) opened a tender to buy a cargo of liquefied natural gas (LNG) on Jan. 5, two trade sources said.

The tender closes on Monday, with validity until Jan. 8.

The delivery window is between Jan. 20 and Feb. 10.

Indian state refiner Indian Oil Corp (IOC) is also looking for a spot cargo, one of the sources said.

India is expected to continue regular spot LNG purchases during this winter, but is unlikely to have significant demand spikes, the source added.

Source: Reuters

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