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.
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 spot LNG cargo prices have risen for a third straight week, as Chinese demand continues to recover.
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 have risen as supply has constricted, primarily due to a lack of available cargoes and coronavirus.
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.
Tellurian and Petronet have extended their MOU for up to 5 million tpy of LNG and equity investment in Driftwood.
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.