GAIL (India) Ltd GAIL has issued a swap tender, offering two U.S.-loaded liquefied natural gas (LNG) cargoes in exchange for two deliveries to India, two industry sources said on Monday.

GAIL, India’s largest gas distributor, is offering the cargoes for loading on a free-on-board (FOB) basis on August 13-15 at Cove Point, and on December 11 at Sabine Pass.

In exchange, the company is seeking cargoes for delivery to the Dabhol terminal on a delivered ex-ship (DES) basis between September 21–30 and December 16–25.

The tender closes on May 28, added the sources.
Source: Reuters