GAIL India has signed three time-swap deals to sell some of its US liquefied natural gas (LNG) as it rejigs the supply portfolio in line with domestic demand. Under the deals, the state-owned utility will buy LNG from international companies this year and sell equivalent amount of Henry Hub-indexed volumes during 2018-19. The company is also seeking destination swaps to cut shipping costs of US LNG.
GAIL India is India’s principal Natural Gas Company with activities ranging from Gas Transmission and Marketing to Processing (for fractionating LPG, Propane, SBP Solvent and Pentane); transmission of Liquefied Petroleum Gas (LPG); production and marketing of Petrochemicals like HDPE and LLDPE and leasing bandwidth in Telecommunications.
