GAIL issues swap tender for LNG

According to industry sources, Gas Authority of India Limited (India) has issued a swap tender seeking 12 cargoes of liquefied natural gas (LNG) for loading in the United States in exchange for 12 cargoes for delivery into India in 2024.

India’s largest gas distributor is offering the cargoes for loading from the Sabine Pass terminal in the U.S. on a free-on-board (FOB) basis, and seeking the cargoes for delivery into India’s Dabhol terminal on a delivered ex-ship (DES) basis.