Indian Oil seeks charter gas carriers for 10 years
Indian Oil seeks charter gas carriers for 10 years NEW DELHI, Oct 30 (Reuters) - State-run Indian Oil Corp has floated a tender to time-charter very large gas carriers for 10 years, according to a document seen by Reuters.
Bids will close on November 20, and offers will remain valid until December 21.
IOC is seeking delivery of the vessels between January 1- June 30.
The Indian company will also consider acquiring up to a 50% stake in vessel-owning companies, according to the document.
Indian companies are diversifying imports of LPG, a mix of propane and butane, as disruptions to flows from the Middle East hit supplies from the region.
Indian Oil Chairman earlier this week said that record-high freight rates are curbing the benefits of discounts offered by the oil and gas producers in the Middle East.
(Reporting by Nidhi Verma; Editing by Tasim Zahid)
((nidhi.verma@thomsonreuters.com; X: @nidhi712;))
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