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

GAIL, India’s largest gas distributor, is offering the cargoes for loading on a free-on-board (FOB) basis on January 27 at Sabine Pass, Louisiana, and on March 10 at Cove Point, Maryland.

In exchange, GAIL is seeking two cargoes for delivery on a delivered ex-ship (DES) basis to the Dabhol terminal from January 27-31 and February 1-7.

The tender closes on November 25.
Source: Reuters