Gail India issues tender to buy and sell LNG cargoes: Sources

SINGAPORE – Gail (India) has issued a swap tender offering two cargoes of liquefied natural gas (LNG) for loading in the United States and seeking one for delivery to India, two industry sources said on Tuesday.

The offer is for two cargoes loading from the Cove Point plant, they said. One is on a delivered ex-ship (DES) basis into Europe for February to March delivery and another is on a free-on-board (FOB) basis for loading from Cove Point over April 25-27.