India’s GAIL has awarded its LNG purchase tender for procuring 12 cargoes per year starting in April 2025 for a tenure of five years to Qatar Energy Trading, market sources told S&P Global Commodity Insights.
The tender was awarded at a slope of 115% to Henry Hub plus a constant of $5.66/MMBtu with deliveries on the west coast of India, sources said. GAIL had issued the tender in early November.
The deal reflects the expected tightness in the global LNG market in 2025 and 2026 due to a delay in the construction and commissioning of some LNG export terminals, sources said.
This has resulted in LNG forward curves being elevated for 2025 and 2026.
Platts assessed West India Marker, the benchmark price for LNG cargoes delivered to West India, Dubai and Kuwait at $12.588/MMBtu for February Dec. 16.
Get More Info : Crewing Assistance
Website : https://www.seajob.net/
Contact Us : Sailor Job
No comments:
Post a Comment