SINGAPORE, March 8 (Reuters) - GAIL (India) Ltd has issued a swap tender offering one liquefied
natural gas (LNG) cargo for loading in the United States in
exchange for another cargo for delivery to India, said two
industry sources on Wednesday.
India's largest gas distributor is offering the cargo for
loading from May 21-23 from Cove Point, Maryland, on a
free-on-board (FOB) basis.
It is seeking a cargo for delivery to India's Dahej terminal
for 27-31 May on a delivered ex-ship (DES) basis.
The tender closes on March 9, said the sources.
GAIL has 20-year deals to buy 5.8 million tonnes a year of
U.S. LNG, split between Dominion Energy's Cove Point plant
and Cheniere Energy's Sabine Pass site in Louisiana.
(Reporting by Emily Chow; editing by Jason Neely)
emily.chow.thomsonreuters.com@reuters.net))
