Gail India buys 2 LNG cargoes for April delivery-traders

Gail likely paid premiums of about $8.50 to $8.70 per mmBtu for the two cargoes to be delivered over 1-7 April and 8-17 April

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Singapore: Gail (India) Ltd bought two liquefied natural gas (LNG) cargoes for delivery in April through a tender, traders said on Tuesday.

The company likely paid premiums of about $8.50 to $8.70 per million British thermal units (mmBtu) for the two cargoes to be delivered over 1-7 April and 8-17 April, they said.

The cargoes are for delivery into Dahej or Dabhol ports.

At 1.38pm, Gail India shares traded 1.36% up at Rs452.45 on BSE, while the Sensex was up 0.28% at 34,011.34.

Source livemint.com
Via livemin.com

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