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No offers for LNG cargo sought by Indian steel company

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LNG Industry,


According to Reuters, Essar Steel India – a unit of Indian commodity conglomerate Essar Group – sought an LNG cargo on an online trading platform this week.

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/

 

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