SINGAPORE (Reuters) - GAIL (India) has sold a liquefied natural gas (LNG) cargo for loading from the Cove Point terminal in Maryland in the United States in May, three industry sources said on Wednesday.
It sold the cargo on a free-on-board (FOB) basis at around $1.50 to $2 per million British thermal units (mmBtu), two of the sources said.
The Indian importer 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 Jessica Jaganathan; editing by Jason Neely
Our Standards: The Thomson Reuters Trust Principles.