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Essar Steel seeks LNG cargo on GLX trading platform - Report

Steel News - Published on Fri, 09 Nov 2018

Image Source: Economic Times
Reuters quoted three industry sources as saying that Essar Steel India sought a liquefied natural gas cargo on an online trading platform this week. The company, a unit of Indian commodity conglomerate Essar Group, was seeking a cargo on a delivered ex-ship (DES) basis for delivery into Dahej over Dec. 28-29.

One of the sources said that it sought a cargo through LNG trading marketplace Global LNG Exchange on Wednesday but did not attract any offers.

A second source added that Essar Steel typically buys natural gas from Gail India in the domestic market and sometimes buys LNG in the spot market.

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Posted By : Ratan Singh on Fri, 09 Nov 2018
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