GAIL (India) Ltd GAIL.NS 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 Wednesday.
India’s largest gas distributor is offering the cargoes for loading from Sabine Pass on Nov. 10 and Dec. 11.
In exchange, it is seeking two cargoes for delivery to the Dabhol terminal Nov. 1-7 and to the Dhamra terminal Dec. 22-25.
The tender closes on Aug 14.
Source: Reuters (Reporting by Emily Chow; editing by Jason Neely)