According to Reuters, India has renegotiated the price of LNG from the Gorgon project in Australia, in order to make it more affordable for price-sensitive domestic customers.
A top executive at Indian Oil Corp. has said that the company will continue to import a minimum of two cargoes of LNG each month after the Dahej import terminal expansion.
According to Reuters, Indian Oil Corp. is currently holding a tender to purchase two cargoes of LNG for delivery in October 2016.
India’s Ministry of Shipping has announced that work is progressing to lauch LNG barges on waterways in Ganga, India.
Malaysia’s Petronas has concluded a contract extension with JOVO Group Co. Ltd, which Petronas claims will help strengthen its LNG market presence in China.