India LNG news
India’s GSPC cancels tender to import 11 LNG cargoes
According to Reuters, India’s Gujarat State Petroleum Corp. has cancelled a tender to import 11 LNG cargoes for deliveries across May 2020 to March 2021.
Petronet LNG issues force majeure notice to Qatargas
According to Reuters, Petronet LNG – India’s top gas importer – has issued force majeure notice to Qatargas, as it seeks to delay the loading of LNG cargoes under long-term deals.
Asian LNG prices rise for third week in a row
Asian spot LNG cargo prices have risen for a third straight week, as Chinese demand continues to recover.
Inox partners with Shell Energy India to develop LNG distribution
INOX India has signed an MOU with Shell Energy India Pvt Ltd for partnering and developing the market for LNG supply by road.
Asian LNG spot prices rise as supply constricts
Asian LNG spot prices have risen as supply has constricted, primarily due to a lack of available cargoes and coronavirus.
Tellurian to cut costs and exercise discipline amid LNG market uncertainly
Tellurian Inc. has announced that it plans to cut corporate spending and is seeking to reorganise financing for its 2019 term loan, in light of uncertain conditions in the LNG market.
Tata Motors completes delivery of India’s first LNG bus order
Tata Motors has announced that it has successfully delivered India’s first LNG-powered bus order.
Tellurian and Petronet extend Driftwood LNG MOU
Tellurian and Petronet have extended their MOU for up to 5 million tpy of LNG and equity investment in Driftwood.
GAIL views cheap spot LNG prices as threat to business
Gail (India) Ltd. views the falling price of spot LNG as the biggest risk to its business.
Chart signs letter of cooperation with ExxonMobil affiliate and IOCL
Chart Industries, Inc. has announced that it has signed a letter of cooperation with ExxonMobil India LNG Ltd and Indian Oil Corp. focused on pioneering virtual pipelines to accelerate gas access in India.