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.
Indian LNG imports jump 15 percent for current fiscal year to January as prices drop and demand increases
Indian liquefied natural gas imports increased by 15 percent for the first 10 months of the fiscal year so far and by 26 percent in January as an additional terminal was available and as prices declined by 27 percent since last year while demand continued to grow.
Reliance Industries of India sells Eagle Ford Shale assets and is latest Asian company to divest from US
Reliance Industries, the Indian group behind the resurgence of the country’s domestic natural gas production in competition to LNG, has sold its stake in the US Eagle Ford Shale play in south Texas to a Delaware-registered company.
