Petronet LNG Ltd has welcomed the decision by India’s Petroleum Natural Gas Regulatory Board to permit the establishment of LNG dispensing stations in India.
India’s Gujarat State Petroleum Corp (GSPC) is seeking to purchase its first LNG cargoes since it issued a force majeure notice in March.
According to the US EIA, growth in India’s LNG imports will depend on the completion of connecting pipelines.
Asian LNG spot prices have increased marginally from the recent record lows as Chinese buyers have begun re-entering the market.
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.