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

Indian oil not to accept Russian crude on free on board basis

Indian Oil Corporation (IOC) will no longer accept cargoes of Russian crude oil and Kazakh CPC Blend cargoes on a free-on-board (FOB) basis due to insurance risk, according to a tender notice and a source familiar with the matter. The letter was sent on Monday to traders who submit cargo offers into IOC’s regular crude