GAIL issues swap tender for 12 LNG cargoes

GAIL (India) Ltd has issued a swap tender seeking 12 cargoes of liquefied natural gas (LNG) for loading in the U.S. in exchange for 12 cargoes for delivery into India in 2024. India's largest gas distributor is offering the cargoes for loading from the Sabine Pass terminal in the US, and seeking the cargoes for delivery into India's Dhamra terminal. The tender closes on June 22.GAIL India Ltd., commonly known as GAIL, is the largest state-owned natural gas processing and distribution company in India. Established in 1984, GAIL plays a crucial role in the country's energy sector by integrating various aspects of the natural gas value chain, including exploration, production, transmission, distribution, and marketing.GAIL's primary objective is to ensure a steady and reliable supply of natural gas to various sectors, including power generation, industrial, commercial, and domestic consumers. The company operates an extensive pipeline network spanning thousands of kilometers, facilitating the transportation of natural gas across the country.