Indian rise in imports of LNG is short lived as cargo numbers fall in May while domestic gas output rises
Indian liquefied natural gas imports went into reverse last month and fell by more than 7 percent even as prices declined and more regasification infrastructure was put in place, while the need for imports was offset by growth in domestic gas output, including coal-bed methane.
Largest Indian cargoes importer Petronet LNG reports record quarterly pre-tax profits as Dahej volumes surge
Petronet LNG, the state-backed owner of the largest Indian import terminal at Dahej in the West Coast state of Gujarat and a smaller facility at Kochi in the southwest state of Kerala and with plans for a third terminal, reported record quarterly earnings before tax while revenues plunged from a year ago as prices fell.
India’s Reliance reports earnings fall as strategic oil and gas operations advance through market volatility
Reliance Industries, the Indian conglomerate and a leading energy company with domestic gas volumes backing the nation’s LNG imports, reported a decline in fiscal first-quarter earnings while strategic oil and gas operations advanced amid likely continued volatility in gas markets.
Indian LNG imports rebound with 6.5 increase as domestic demand also rises and prices steadily fall
Indian liquefied natural gas imports rebounded by 6.5 percent and offset a monthly decline in domestic gas production at a time when gas demand is rising and prices steadily falling from last year’s record levels.
TotalEnergies profits hit by softening of energy prices while LNG activities and plans increase in first quarter
TotalEnergies, one of the leading global liquefied natural gas market participants and with plans to re-start the onshore Mozambique LNG export project and expand Papua New Guinea LNG, reported a 12 percent increase in first-quarter net profits compared with the 2022 quarter even amid a softening of oil and gas prices.
Indian LNG imports drop under 20 million tonnes for fiscal year as prices start to fall and new terminal opens
Indian liquefied natural gas imports for the fiscal year dropped by more than 14 percent and below the 20 million tonnes mark and were also well down for the month of March following a brief resurgence in the previous month when shipments had risen.
TotalEnergies says India’s seventh terminal and second on East Coast to start full commercial operations in May
TotalEnergies said it expected India’s newest LNG terminal, the onshore Dhamra facility located in the East Coast Indian state of Odisha, to start full commercial operations in May.
Largest Indian importer Petronet plans third LNG terminal and this time on the East Coast in Odisha state
Petronet, the largest Indian importer with two terminals on the West Coast at Dahej and Kochi, is now planning a third import facility on the East Coast where only one currently operates.
Hindustan Petroleum takes over West Coast LNG project in Gujarat state to push towards completion
Hindustan Petroleum Corp. Ltd (HPCL), an Indian state-controlled company, has acquired an additional 50 percent stake in an LNG project firm building an import terminal at the port of Chhara in the West Coast state of Gujarat, giving it full ownership with the purpose of advancing towards completion.
Indian LNG imports jump and head for 2020 record on rising demand backed by more terminal capacity
Indian liquefied natural gas imports increased by almost 12 percent last month and were on track for record fiscal-year and calendar-year totals as shipments increased due to rising demand, backed by higher terminal capacity use and a steady infrastructure build-out.
