India's GAIL seeks LNG cargo for May delivery to Dhamra terminal

14 Apr 2023 CW Team

According to two industry sources, GAIL (India) has issued a swap tender offering one liquefied natural gas (LNG) cargo for loading in the United States in exchange for another cargo for delivery to India.

The cargo is being sought by India's largest gas distributor for delivery ex-ship (DES) at the Dhamra terminal between May 16 and 25.

According to the sources, it is offering the cargo for May loading from the Sabine Pass terminal, also on a DES basis, and the tender will close on April 13.

Adani Total, in which TotalEnergies has a 50% stake, has a 20-year take-or-pay contract with state-run Indian Oil Corp (IOC) to provide regasification services for 3 million tonnes of LNG per year at the Dhamra terminal. GAIL has a comparable agreement for 1.5 million tonnes per year.

The terminal received its first LNG cargo on April 1, according to Karan Adani, CEO of Adani Ports and Special Economic Zones, in a LinkedIn post. IOC issued a tender in March for the delivery of eight LNG cargoes to the Dhamra terminal between June 2023 and May 2024.

GAIL has 20-year deals to buy 5.8 million tonnes a year of US LNG split between Dominion Energy's Cove Point plant and Cheniere Energy's Sabine Pass site in Louisiana.

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