Gail India issues swap tender for LNG cargoes in 2025, say sources

SINGAPORE, May 3 (Reuters) -GAIL (India) Ltd GAIL.NS has issued a swap tender, offering 12 liquefied natural gas (LNG) cargoes for loading in the United States in exchange for 12 cargoes for delivery to India, two industry sources said on Friday.

India’s largest gas distributor is offering the cargoes, one per month throughout 2025, on a free-on-board (FOB) basis for loading from Sabine Pass.

In exchange, it is seeking 12 cargoes for delivery to the Dhamra terminal for the same months on a delivered ex-ship (DES) basis.

The tender closes on May 16, one of the sources added.

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