On Wednesday, three industry sources said that GAIL (India) has sold a cargo of liquefied natural gas (LNG) for loading from the Cove Point terminal, Maryland, US in May.
The cargo was sold on a free-on-board (FOB) basis at roughly USD1.50-2/mmBtu.
GAIL has a 20-year contract to purchase 5.8 million tpa of US LNG.
