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GAIL sells 90 pct of 2018/19 U.S. LNG volumes through swaps
India’s Gail Ltd’s executive says the company has sold 90 percent of U.S. liquefied natural gas (LNG) volumes through time and destination swap deals for 2018/19. Executive says 65 percent of U.S. LNG volumes for 2019/20 have been sold through destination swap and FOB sales deals. Executive says company has sold 45 percent of U.S. LNG volumes through destination swap and FOB sales deals for 2020/21. GAIL has a contract to buy 90-92 U.S. LNG cargoes annually. GAIL has contracted 5.8 million tons a year of LNG under two long-term contracts. Brandon Crawford Jersey
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