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GAIL picks up more spot cargoes
May 02: India's state-owned gas distributor Gail has purchased a cargo for delivery over 10-20 May to the Hazira terminal at a price of around $29/mmbtu, though a tender which closed on 7 April.
8This is the firm’s second purchase in the past week alone, as it sought to fulfill downstream commitments made to its customers in the fertilizers sector.
8Relatively lower prices for most of this week has encouraged Gail to pick up more spot cargoes.
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