GAIL (India) Ltd. has issued a swap tender offering two liquefied natural gas (LNG) cargoes for loading in the United States in exchange for two cargoes for delivery to India, two industry sources said on Friday.
India’s largest gas distributor is offering two cargoes for loading from Sabine Pass on Jan. 27-28 and Feb. 27-28.
In exchange, it is seeking two cargoes for delivery to the Dabhol terminal on Jan. 13-20 and Feb. 1-7.
The tender closes on Nov. 29.
Source: Reuters (Reporting by Emily Chow; Editing by Himani Sarkar)