Gail India Seeks to Shed 24 U.S. LNG Cargoes

Posted by Joseph Keefe
Tuesday, January 23, 2018
Gail India launches tender to sell 24 liquefied natural gas (LNG) cargoes from the Cove Point export facility in the United States in 2019-2020, according to trade sources.
The tender is split into three tranches, with the first tranche offering six cargoes in the first half of 2019, six in H2 2019, and 12 in 2020, traders said . Prospective buyers must bid for all the cargoes in any given tranche. Gail purchased 2.3 million tonnes annually from Dominion Energy's Cove Point export plant, with an added 3.5 million tonnes annually due from Cheniere Energy's Sabine Pass facility in Louisiana. Gail has already struck various swap and sales deals with Royal Dutch Shell and trader Gunvor, among others, to reduce its near-term supply obligations from Sabine Pass.

Reporting by Oleg Vukmanovic 

Categories: Contracts Energy Environmental Finance LNG Logistics Tankers

Related Stories

SBM Offshore’s Jaguar FPSO Enters Drydock in Singapore (Video)

EnQuest Acquires Harbour Energy’s Vietnamese Assets

Woodside Finds South Korean Partners to Advance LNG Value Chain

Santos and QatarEnergy Agree Mid-Term LNG Supply

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Petrovietnam, Partners Sign PSC for Block Off Vietnam

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Scarborough FPU's Topsides and Hull Come Together in Major Engineering Feat (Video)

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

Woodside Inks Long-Term LNG Supply Deal with China Resources

Current News

SBM Offshore’s Jaguar FPSO Enters Drydock in Singapore (Video)

EnQuest Picks Up Offshore Oil and Gas Block in Brunei

CNOOC Finds Oil and Gas in South China Sea

Seatrium Makes First Turnkey FPSO Delivery to Petrobras

KBR-SOCAR Joint Venture Secures Work for BP in Azerbaijan

Baker Hughes, Petronas Team Up for Asia-Pacific Energy Resilience

EnQuest Acquires Harbour Energy’s Vietnamese Assets

Woodside Finds South Korean Partners to Advance LNG Value Chain

Valeura Makes Progress with Multi-Well Drilling Campaign in Gulf of Thailand

Santos and QatarEnergy Agree Mid-Term LNG Supply

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com