India LNG news
India set to import record LNG volumes
According to Reuters, data shows that India is set to import record LNG volumes this month.
Shell publishes its latest annual LNG Outlook
Well-supplied global LNG market sees demand build for cleaner-burning energy, according to Shell’s latest annual LNG Outlook.
AG&P breaks ground on Indian LNG import facility
AG&P has announced that it has broken ground on its LNG import facility at Karaikal Port, Puducherry, India.
Indian Oil Corp. seeking LNG cargo for delivery in April
According to Reuters, Indian Oil Corp. is looking to purchase an LNG cargo for delivery in April.
Gail (India) purchases LNG cargo for delivery this month
According to Reuters, three industry sources claim that Gail (India) has purchased an LNG cargo for delivery this month.
Gail issues LNG cargo swap tender
According to Reuters, two industry sources have reported that Gail (India) has issued a swap tender to buy and sell LNG cargoes.
AG&P and ADNOC sign FSU agreement
AG&P has signed an agreement with ADNOC L&S for the conversion, supply, operations and maintenance of an FSU at AG&P’s new LNG import facility at Karaikal Port in Puducherry, India.
LNG will be oversupplied until mid-2020
An executive from Japan’s Inpex Corp. is predicting oversupply in the LNG market until mid-2020, at which point they expect demand from southeast Asia and India to pick up.
Indian LNG tender prices average less than US$4.00 per million Btu
A tender for four LNG cargoes, launched by India’s Torrent Power, has been awarded with a price average of less than US$4 per million Btu.
Petronet LNG and Tellurian to sign US$2.5 billion agreement
According to Reuters, Petronet LNG and Tellurian Inc. are set to sign a deal worth US$2.5 billion during President Donald Trump’s trip to New Delhi, India, this month.