No offers for LNG cargo sought by Indian steel company
Published by David Rowlands,
Editor
LNG Industry,
The company was looking to purchase the cargo on a delivered ex-ship (DES) basis for delivery to Dahej on 28 or 29 December this year. Reportedly, the company did not attract any offers, according to sources.
According to Reuters, the company usually buys gas from Gail India in the domestic market, but occasionally purchases the liquefied form in the spot market.
Reuters reports that the company’s mill, which is located in Gujarat, is currently operating at 6.5 million tpy due to constraints in iron ore supply, as well as a shortage of gas used to operate the furnace.
Read the article online at: https://www.lngindustry.com/lng-shipping/09112018/no-offers-for-lng-cargo-sought-by-indian-steel-company/
You might also like
EIA: US natural gas trade will continue to grow with the start-up of new LNG export projects
The U.S. Energy Information Administration’s recently released Short-Term Energy Outlook forecasts that US LNG exports will continue to lead growth in US natural gas trade as three LNG export projects currently under construction start operations and ramp up to full production by the end of 2025.