GAIL looking to buy 13 LNG cargoes in FY13 - executive

NEW DELHI (Reuters) - State-run gas company GAIL needs to buy 13 cargoes this fiscal year to March out of its planned 34, its chairman said on Thursday.

GAIL received 7 cargoes in the first quarter of the fiscal year, B.C. Tripathi told reporters. He added that contracts for 21 cargoes have already been finalised.

GAIL received 12 cargoes in the last fiscal year.

He also said GAIL plans to issue a 10 billion rupees bond next quarter.

(Reporting by Nidhi Verma; Editing by Jo Winterbottom)