GAIL sells 90pc of 2018/19 US LNG volumes through swaps

MUMBAI: India's Gail Ltd's executive says the company has sold 90 percent of US liquefied natural gas (LNG) volumes through time and destination swap deals for 2018/19.

Executive says 65 percent of US LNG volumes for 2019/20 have been sold through destination swap and FOB sales deals.

Executive says company has sold 45 percent of US LNG volumes through destination swap and FOB sales deals for 2020/21.

GAIL has a contract to buy 90-92 US LNG cargoes annually.

GAIL has contracted 5.8 million tonnes a year of LNG under two long-term contracts.