India's Torrent Power seeks 5 LNG cargoes for 2019 - sources

Image
Reuters SINGAPORE/LONDON
Last Updated : Jan 10 2019 | 8:55 AM IST

SINGAPORE/LONDON (Reuters) - India's Torrent Power is seeking five liquefied natural gas (LNG) cargoes for delivery in 2019, two industry sources said.

The utility company is seeking cargoes for delivery over February, May, July, October and December, one of the sources said.

The tender closed on Jan. 9 and is valid until Jan. 11.

The February cargo will be bought at a fixed price while the others will be linked to Brent oil prices, the first source added.

Torrent Power distributes electricity to over 3 million customers every year in India, according to the company's website.

(Reporting by Jessica Jaganathan in SINGAPORE and Ekaterina Kravtsova in LONDON; editing by Richard Pullin)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 10 2019 | 8:47 AM IST

Next Story