State-controlled natural gas firm GAIL (India) is looking to swap six U.S.-origin LNG cargoes with six cargoes for delivery to India in a tender running until August 6, industry sources told Reuterson Tuesday.
GAIL (India) is offering cargoes loading every other month in 2026, beginning in February and ending in December, on a free-on-board (FOB) basis from the U.S. export terminals at Sabine Pass or Cove Point, one of Reuters’ sources said.
In exchange for these cargoes the Indian company is looking for six deliveries to India on a delivered ex-ship (DES) basis for the same months.
GAIL, the biggest natural gas distributor in India, has also reportedly started discussions about buying LNG from the proposed $44-billion Alaska LNG project.
The potential deal to purchase LNG from the project is part of India’s push to buy and pledge to buy increased volumes of U.S. energy products and thus reduce its trade surplus with America and avoid steep tariffs.