Indian buyers seeking winter spot LNG cargoes

Gujarat State Petroleum Corp, India’s state-run oil and gas company floated a tender for a couple of liquefied natural cargoes for end-January, early February delivery. 

Citing trade sources Reuters reports the tender is valid until January 8 and is closing on Monday.

The delivery window for the two cargoes is set between January 20 and February 10.

In addition to the GSPC cargoes, Indian Oil Corp is reported looking to buy a single spot cargo.

While Indian buyers are expected to continue regular purchases of spot LNG cargoes during the winter period, however, it is unlikely that the demand for the chilled fuel will spike.

LNG World News Staff