GAIL floats LNG cargo swap tender

GAIL floats LNG cargo swap tender
Image courtesy of GAIL

State-run gas company GAIL India has reportedly offered a couple of liquefied natural gas cargoes loading from Dominion’s Cove Point facility in Maryland. 

Citing industry sources, Reuters reports the two cargoes are to be loaded in August and November and will be sold on a free-on-board (FOB) basis.

The $4 billion Cove Point facility, with a nameplate capacity of 5.25 mtpa, began producing LNG in March last year with the facility shipping its first commercial cargo the following month.

GAIL has booked a total of 5.8 million tons of U.S. LNG per year on long term deals with Cheniere and Dominion from their respective Sabine Pass and Cove Point natural gas liquefaction and export projects.

However, due to the price-sensitive India’s market, the company has been forced to seek swap deals.

In addition, GAIL is looking to purchase a liquefied natural gas cargo for delivery to the Dahej LNG terminal in late December on a delivered-ex-ship (DES) basis.

The tender for this swap deal is closing on July 3.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Nov 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >