India’s Gail buys 2 LNG cargoes

The Dahej terminal in India (Image courtesy of Petronet LNG)

India’s gas utility Gail has reportedly bought two cargoes of liquefied natural gas (LNG) for delivery in April.

The company likely paid premiums of about $8.50 to $8.70 per million British thermal units (mmBtu) for the two cargoes bought via a tender, Reuters reported on Tuesday citing traders.

The cargoes will be delivered over April 1-7 and April 8-17 to the Dahej or Dabhol terminals, according to the report.

Worth mentioning, US LNG export player Cheniere and Gail marked earlier this month the start of their 20-year sale and purchase agreement.

Under the deal, Cheniere will sell to Gail about 3.5 million tonnes of LNG per year from the Sabine Pass liquefaction and export facility in Louisiana.

 

LNG World News Staff

 

Share this article

Follow LNG World News

Posted on March 13, 2018 with tags , .

Events>

<< Sep 2018 >>
MTWTFSS
27 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

The Nineteenth CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening is recognised as the premier end of year gathering for the global LNG industry.

read more >

Singapore International Bunkering Conference and Exhibition (SIBCON)

The 20th edition of the Singapore International Bunkering Conference and Exhibition (SIBCON) will be about inspiring change…

read more >

CWC World LNG & Gas Series: 10th Asia Pacific Summit

Now in its tenth year, CWC World LNG & Gas Series: Asia Pacific Summit returns to Singapore on 16 – 18 October 2018…

read more >

Offshore Energy Exhibition & Conference 2018

Offshore Energy Exhibition & Conference (OEEC) is Europe’s leading offshore energy event.

read more >