Don’t miss the latest developments in business and finance.

Gail India tenders to buy 6 LNG cargoes for 2017 delivery - trade sources

Image
Reuters MILAN
Last Updated : Jul 11 2016 | 6:28 PM IST

MILAN (Reuters) - Gail India has launched a tender to buy six liquefied natural gas (LNG) cargoes for delivery in 2017, according to trade sources.

The supply is to be purchased based on a link to Brent crude oil prices, one of the sources said.

Price-sensitive Indian importers have taken advantage of relatively low LNG prices to bolster purchases and provide additional supply to gas-starved domestic industries.

(Reporting by Oleg Vukmanovic; editing by Adrian Croft)

Also Read

First Published: Jul 11 2016 | 6:19 PM IST

Next Story