Skip to main content
  1. Home
  2. Regasification
  3. 17 Feb 20
  4. Gail (India) purchases LNG cargo for delivery this month

Gail (India) purchases LNG cargo for delivery this month

Published by , Editor
LNG Industry,

According to Reuters, three industry sources claim that Gail (India) has purchased an LNG cargo for delivery this month.

The company reportedly bought the cargo for delivery into Dabhol, India, on a delivered ex-ship (DES) basis for 23 February to 28 February at US$2.40/million Btu – US$2.50/million Btu.

The sources claim that it is likely that this is a new record low price for LNG cargoes delivered into India.

One of the sources added that Gail, in a separate transaction, sold a cargo from the Cove Point facility in the US on a DES basis into Europe for delivery in February to March, and likely did not award another cargo it had offered for loading in April from Cove Point.

Read the article online at: https://www.lngindustry.com/regasification/17022020/gail-india-purchases-lng-cargo-for-delivery-this-month/

You might also like

QatarEnergy to start NFE train by mid-2026

QatarEnergy will more than double LNG production from current 77 million t to 160 million, including production from Golden Pass LNG project in Texas, which will come online later in 2025, says Saad Sherida Al-Kaabi, Minister of State for Energy Affairs and President and CEO of QatarEnergy.

 
 

Embed article link: (copy the HTML code below):

 

This article has been tagged under the following:

India LNG news US LNG news LNG import news

 

LNG Industry is not responsible for the content of external internet sites.