Business Standard

Gail buys two LNG cargoes; one from BG, one from Qatar - sources

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Reuters MILAN/LONDON

MILAN/LONDON (Reuters) - State-run GAIL (India) Ltd has purchased a total of two liquefied natural gas (LNG) cargoes from BG and Qatar, two trade sources said.

BG will supply a cargo for delivery in February, while Qatar's cargo is for March, the sources said.

The February cargo sold for around $5.00 per million British thermal units (mmBtu), while the March cargo was mid $4s, one of the sources said.

(Reporting by Oleg Vukmanovic and Sarah McFarlane; Editing by Mark Potter)

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First Published: Jan 29 2016 | 8:35 PM IST

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