GAIL (India) Ltd has issued a swap tender offering six liquefied natural gas (LNG) cargoes for loading in the United States in exchange for six cargoes to be delivered 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 from Sabine Pass, one for each month from July to December 1-10, in 2028.

In exchange, the company is seeking the cargoes for delivery to the Dabhol terminal on a delivered ex-ship (DES) basis, one for each month from July to December 21-30, in 2025.

The tender closes on April 21, added one of the sources.

GAIL has a 20-year deal to buy 3.5 million metric tons of U.S. LNG from Cheniere Energy’s Sabine Pass site in Louisiana.
Source: Reuters