GAIL (India) Ltd, India’s largest state-owned natural gas company, has issued a swap tender offering two US-loaded LNG cargoes in exchange for two deliveries into India, reports Reuters.
The company is offering one cargo for loading on a free-on-board basis on January 27 at Sabine Pass, Louisiana, and another on March 10 at Cove Point, Maryland.
In return, the company is seeking two delivered ex-ship cargoes for the Dabhol terminal, with delivery windows of January 27–31, 2025, and February 1–7, 2025.
The tender will close on November 25.
Shares of GAIL ended 1.35 per cent lower at ₹180.52 on Monday.
