GAIL issues swap tender for 12 LNG cargoes
GAIL (India) Ltd has issued a swap tender offering 12 liquefied natural gas (LNG) cargoes for loading in the United States in exchange for 12 cargoes to be delivered to India in 2026, two industry sources said on Tuesday. GAIL, India’s largest gas distributor, is offering the cargoes for loading, one in each month of the year, from Sabine Pass on a free-on-board (FOB) basis. In exchange, the company is seeking the cargoes for delivery to the Dhamra terminal on a delivered ex-ship (DES) basis in the same timeframe. The swap tender closes on Feb. 19.
India’s green hydrogen sector may belong to big players
India’s green hydrogensector is expected to be increasingly dominated by big players going forward as high capital requirements, economies of scale, and financial challenges will drive out small players, according to experts. “It is indeed true that the initial excitement around the green hydrogen business in India stands reduced with the early enthusiasm from companies of all sizes entering the sector has diminished, leading to a landscape increasingly dominated by large firms,” said Ravi Shekhar, founder and managing director, Eninrac, a research consultancy. One of the key reasons behind big firms dominating the sector includes their advantage on economies of scale. “While it’s challenging to predict with certainty, there are a few trends and factors that suggest big players might have a significant role. Big players in the energy sector typically have the advantage of economies of scale, which can reduce production costs and make green hydrogen more competitive,” said Manoj Bansal, Partner, Grant Thornton Bharat.