India LNG news

Rystad energy reports that despite the growth in dual fuels, LNG remains supreme in terms of shipping fuel choices.

Oil and gas industry exhibits resilience as contract value sustains despite 22% drop in contract volume during 2023, reveals GlobalData.

Equinor has signed a 15-year LNG supply agreement with Indian fertilizer and petrochemical company, Deepak Fertilizers.

QatarEnergy has entered into a 20-year LNG sale and purchase agreement with Petronet LNG Ltd for the supply of 7.5 million tpy of LNG destined to the Republic of India.

Adani Total Gas Ltd and INOX India Ltd have entered into a mutual support agreement, under which ATGL and INOXCVA shall mutually accord a ‘preferred partner’ status for identifying and exploring possible collaboration opportunities for strengthening the LNG ecosystem in the country.

GAIL (India) Ltd has successfully concluded a long-term LNG purchase agreement for purchase of around 0.5 million tpy LNG from ADNOC Gas.

GAIL (India) Limited and Vitol Asia Pte Ltd has announced the signing of a long-term LNG supply deal into India for the annual supply of approximately 1 million t of LNG for a period of approximately 10 years, starting from 2026.

India is set to register the second highest LNG regasification capacity additions in Asia between 2023 – 2027, accounting for about 22% of the region’s total capacity additions by 2027, forecasts GlobalData.

Galileo Technologies has carried out the first production of LNG for Gail Ltd.

Indian Oil Corp, has signed long-term LNG import deals with United Arab Emirates’ Abu Dhabi Gas Liquefaction Co Ltd, and France’s TotalEnergies.