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Money News

Gail India seeks LNG cargo for Jan-Feb delivery: sources

Birds fly past the logo of natural gas utility GAIL (India) Ltd installed on its corporate office building in New Delhi, April 26, 2018. REUTERS/Adnan Abidi/Files

SINGAPORE (Reuters) - Gail (India) is seeking a liquefied natural gas (LNG) cargo for delivery in late January to February, two industry sources said.

The cargo is for delivery over Jan. 20 to Feb. 5 on a delivered ex-ship (DES) Dabhoj/Dahej basis, one of them said.

Offers are due by Jan. 8, the source added.

India’s state-run Gujarat State Petroleum Corp (GSPC) and Indian Oil Corp (IOC) are also seeking LNG cargoes for delivery in the spot market, sources have said.

Reporting by Jessica Jaganathan; Editing by Subhranshu Sahu

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