GAIL (India) Ltd GAIL has issued a swap tender, offering six U.S.-loaded liquefied natural gas (LNG) cargoes in exchange for six deliveries to India, two industry sources said on Tuesday.

GAIL, India’s largest gas distributor, is offering the cargoes for loading on a free-on-board (FOB) basis in February, April, June, August, October and December 2026, from Sabine Pass or Cove Point, said one of the sources.

In exchange, GAIL is seeking six cargoes for delivery on a delivered ex-ship (DES) basis to India for the same months.

The tender closes on August 6, said the sources.
Source: Reuters