Gail India is proposing to swap three liquefied natural gas (LNG) cargoes across the first quarter of next year, trade sources said on Friday.
The Indian importer has 20-year deals to buy .8 million tonnes a year of U.S. LNG, split between Dominion Energy’s Cove Point plant and Cheniere Energy’s Sabine Pass site.
With few LNG tankers available to ferry the fuel to India, Gail has already struck swap deals for a chunk of its Sabine Pass and Cove Point volumes. Read More
Latest posts by Reuters (see all)
- India plans over $12 billion in power plant, EV incentives to cut pollution - February 15, 2019
- India’s oil imports from Iran plunged 45 percent in January - February 15, 2019
- India high court overturns 2017 arbitration award to HPCL for $113 mln - February 13, 2019