India’s GAIL sells LNG cargo as early monsoons cause weak power demand: Sources

• Posted in OilGas
• on June 9, 2025
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GAIL (India) Ltd has re-sold one liquefied natural gas (LNG) cargo this week, said three market sources on Friday, as the state-run firm’s storage tanks for the fuel are full amid weak power demand in India.

Fewer LNG imports by GAIL, the country’s largest gas distributor, could reduce India’s overall appetite for the super-chilled fuel. India is the world’s fourth largest LNG buyer, importing about 26 million metric tons last year as it goes through rapid urbanisation and industrialisation and to meet growing power demand.

However, GAIL’s LNG tanks are filled to the brim as power demand slumped due to cooler weather from the monsoon season, leading the company to sell its LNG cargo, said two of the sources.
GAIL did not immediately respond to a request for comment.

The three sources did not identify which cargo GAIL sold, but shiptracking data shows two LNG vessels controlled by GAIL diverting from their routes this week.

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