According to Reuters, two industry sources have stated that Indian Oil Corp. is seeking to purchase a spot LNG cargo.
The ‘LNG Business and Market Outlook in India – 2019’ report has been added to ResearchAndMarkets.com’s offering.
Gail has sold and redirected a US-produced LNG cargo to northwest Europe in response to high stock levels.
Chart Industries, Inc. and Indian Oil Corporation Limited have agreed to jointly pursue LNG market development in India.
Asian LNG spot prices have now broken the US$5.00 per million Btu mark, a result of a lack of growth in demand and continued high levels of supply.
Chart Industries Inc. has announced that it has signed a memorandum of understanding with Indian Oil Corp. Ltd to promote the development of the LNG market in India.
India’s LNG demand is set to rise by approximately 10% in 2019, despite import capacity increasing at a faster rate.