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India's GAIL Seeks LNG Cargo for March Delivery, Industry Sources

SINGAPORE, March 9 (Reuters) - India's largest gas distributor, GAIL, has issued a ​tender seeking a cargo of liquefied ‌natural gas (LNG) for delivery in March, as the conflict in the Middle East curtailed ​shipping and halted Qatari output.

GAIL ​is seeking the cargo for delivery ⁠on March 15-25 in a tender ​that closes March 9, two industry ​sources said on Monday.

Several industries in India have been impacted by the war as the ​South Asian nation, which is the ​world's fourth-largest LNG importer, rations supplies.

GAIL said on ‌Thursday ⁠it would assess curbing supplies to natural gas customers after a force majeure notice from long-term supplier Petronet LNG ​over constraints ​on ⁠vessels.

Another Indian LNG importer, state-owned Gujarat State Petroleum Corp (GSPC), last ​week bought a cargo for ​April ⁠delivery for above $20 per million British thermal units (mmBtu), according to two other ⁠industry ​sources.

Reporting by Emily Chow ​in Singapore and Nidhi Verma in New Delhi; ​Editing by Emelia Sithole-Matarise and Bernadette Baum

Source: Reuters


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