GAIL (India) has issued a swap tender offering 12 US LNG cargoes in exchange for the same number of cargoes to be delivered to India in 2026, according to industry sources talking with newswires.
India's largest gas distributor is offering a cargo each month of the year from Sabine Pass on a free-on-board (FOB) basis.
In exchange, the company is seeking the cargoes for delivery to the Dhamra terminal on a delivered ex-ship (DES) basis in the same timeframe.
The swap tender closes on 19th February.
