Gujarat State Petroleum Corp. has for the first time put out tenders that link liquefied natural gas purchases to the Japan Korea Marker price, sources indicated on 8 October 2026, citing a source with direct knowledge who spoke on 6 October.
The tenders cover cargoes for delivery into India from April 2027, the report said. This move departs from the fixed-price procurement basis that Indian importers have typically used.
One of the tenders, the report added, seeks two cargoes. No further contractual details or supplier identities were supplied in the factual notes provided.
The change was described in the reports item as a first for Gujarat State Petroleum Corp., commonly referred to by its acronym GSPC. The paper’s account rests on the single named report and the source it cited.
A clear contractual shift
Linking supply tenders to the JKM pricing marker represents a different contractual approach from fixed-price buying. The report framed the JKM-linked tenders as a distinct departure from the established practice among Indian importers.
Scheduling and timing
The tenders are set against delivery dates beginning in April 2027, according to the same report. The supplied notes record the publication date of the reports item as 8 October 2026 and the date of the underlying source’s information as 6 October 2026.
The report is the only source cited in the supplied factual notes. The notes state that the report conveyed the change in procurement terms and that one of the tenders sought two cargoes; no additional operational or commercial data were provided.
The development, as recorded in the supplied material, concentrates on the procurement format rather than on volumes beyond the single mention of two cargoes in one tender. The factual notes do not list named suppliers, prices, the identities of ports of discharge or further scheduling beyond the April 2027 delivery window.
GSPC’s move to issue JKM-linked tenders for the first time is presented in the report as a marked procedural change. The reports item and the source it quoted remain the basis for the details set out in these notes.
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