GAIL seeks LNG cargo for March delivery, say industry sources

India's largest gas distributor, GAIL, has issued a tender seeking a cargo of liquefied natural gas (LNG) for delivery in March, as the conflict in the Middle East curtailed shipping and halted Qatari output.

GAIL is seeking the cargo for delivery on March 15-25 in a tender that closes March 9, two industry sources said on Monday.

Several industries in India have been impacted by the war as the South Asian nation, which is the world's fourth-largest LNG importer, rations supplies. GAIL said on Thursday it would assess curbing supplies to natural gas customers after a force majeure notice from long-term supplier Petronet LNG over constraints on vessels.


Another Indian LNG importer, state-owned Gujarat State Petroleum Corp (GSPC), last week bought a cargo for April delivery for above $20 per million British thermal units (mmBtu), according to two other industry sources.