GAIL issues swap tender for 12 LNG cargoes

GAIL (India) Ltd has issued a swap tender offering 12 LNG cargoes from the U.S. in exchange for 12 cargoes delivered to India in 2026. The U.S. cargoes will be loaded monthly from Sabine Pass on a FOB basis, while the Indian deliveries will go to ...

By Reuters | Updated: Feb 04, 2025, 11.25 AM IST

GAIL (India) Ltd has issued a swap tender offering 12 liquefied natural gas (LNG) cargoes for loading in the United States in exchange for 12 cargoes to be delivered to India in 2026, two industry sources said on Tuesday.

GAIL, India's largest gas distributor, is offering the cargoes for loading, one in each month of the year, from Sabine Pass on a free-on-board (FOB) basis.

In exchange, the company is seeking the cargoes for delivery to the Dhamra terminal on a delivered ex-ship (DES) basis in the same timeframe.

The swap tender closes on Feb. 19.

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