India LNG news
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.
Qatargas delivers commissioning LNG cargo to Indian terminal
Qatargas Operating Co. Ltd has announced that it has supplied a commissioning LNG cargo for India’s newest LNG receiving terminal, Mundra, located on the west coast of India.
Qatar reluctant to renegotiate Indian LNG deals
Reuters is reporting that Qatar is not keen to renegotiate its long-term LNG deals with India.
India looks to renegotiate Qatar LNG deals
India is seeking to renegotiate the price of its long-term LNG contracts with Qatar.
Asian LNG prices fall to more than 10 year low
Asian LNG spot prices have dropped to their lowest level in more than 10 years, due to a mild winter impacting on demand.