India LNG news

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

In the July 2023 issue of LNG Industry, Richard Acklam, Associate Principal, Charles River Associates, highlights the key trends in the Asia Pacific LNG market, whilst touching on relevant global developments to analyse how they are affecting the Asia Pacific region. This special report lists the references for this article.

Asia will continue to dominate the global LNG regasification capacity additions, contributing about 70% of the total capacity additions between 2023 – 2027, according to GlobalData.

TotalEnergies has announced the delivery of a first LNG cargo to the Dhamra LNG terminal in India.

Emma Richards, Fitch Solutions, provides an outlook for the global LNG market.

According to GlobalData, India and China will drive the LNG regasification capacity additions in Asia between 2022 and 2026, as the two countries step up imports of natural gas to reduce carbon emissions.

India is set to register the second highest LNG regasification capacity additions in Asia between 2022 and 2026, accounting for approximately 21% of the region’s total capacity additions by 2026.

According to GlobalData, India is anticipated to be one of the primary countries to drive Asia’s LNG regasification projects count by 2026, contributing approximately 21% of projects.

NYK has signed a multi-year time-charter agreement with GAIL (India) Limited for an LNG carrier.

The company’s report states that India could account for 21% of APAC LNG regasification capacity by 2025.