GAIL (India) Ltd has issued a swap tender proposal liquefied natural gas (LNG) cargoes for loading in the United States and seeking cargoes for delivery into India over August to December, three industry sources confirmed on Wednesday.
The state-run natural gas company has offered to swap a cargo a month over the period in a tender
closing on July 26, the sources added.
Four of the cargoes are for loading from the Cove Point plant in the United States while one of them from Sabine Pass export terminal, one of the sources said.
As for delivery into India, three cargoes are to be delivered into the Dabhol terminal while one would be delivered into Dahej and another into Hazira, the source added.
The Indian importer has 20-year deals to purchase 5.8 million tonnes a year of U.S. LNG, split between Dominion Energy's Cove Point plant and Cheniere Energy's Sabine Pass site in Louisiana.
GAIL has a separate tender seeking a LNG cargo for delivery into Dahej over Aug. 9 to 13, the sources stated, adding that the tender closes on July 22.