IOCL intends to purchase numerous LNG cargoes on Spot / Short-term basis. IOCL’s preferred mode of purchase of these cargoes would be through short-notice tenders. Such tenders would be invited only from those parties who have signed the MSPA with IOCL.

the Criteria for the Supply of Liquefied Natural Gas (LNG) on Spot / Short-term basis Are As Follow

Financial Criteria:
The party should have annual turnover of at least US$ 50 million and net-worth of US$ 25 million

Technical Criteria:
The party should meet at least one of the following criteria

a) MSPA may be entered with the producer / supplier of LNG.

b) MSPA may be entered with the party having marketing rights to sell full or part of the LNG produced in one or more Liquefaction Plants / Projects.

c) MSPA may be entered with the party having valid Sale and Purchase Agreement with LNG Liquefaction Plant(s) / Project(s) and having diversion rights.

d) MSPA may be entered with the party which has traded at least 2 LNG cargoes ofcapacity more than or equal to 75,000 Cubic Meter each on spot / short-term / longterm basis during last one year from the date of receipt of party’s application for empanelment with IOCL.


e) MSPA may be entered with the party which has valid authorization from LNG producer to market LNG on its behalf.

Criteria for Empanelment of Parties with Indian Oil for Supply of Liquefied Natural Gas (LNG) on Spot / Short-term basis