Indian LNG imports show long-awaited surge of over 17 percent in full fiscal year even amid growing domestic output
Indian liquefied natural gas imports showed a long-awaited surge of over 17 percent in the full fiscal year to the end of March as growing domestic gas output was offset by falling LNG prices and the nation’s increasing demand for gas marked by a new West Coast terminal set to start commercial operations soon
Indian LNG import resurgence continues through February even at higher prices as gas demand rises
Indian liquefied natural gas imports jumped by 11 percent in February to continue the resurgence in the nation’s natural gas use despite LNG cargo prices being 37 percent higher than last year.
US LNG developer Tellurian pitches for buyers and investors in India after previous expired or cancelled deals
Tellurian Inc., the developer of the Driftwood LNG export plant in Louisiana, was present at the India Energy Week conference and exhibition in Bangalore seeking replacement buyers after it cancelled two sales and purchase agreements in 2022 with UK major Shell and global commodities firm Vitol as it formulated a new financing strategy.
India’s Petronet LNG reports rise in profits and revenues because of gas prices even as import volumes fall
Petronet LNG, the owner of the largest Indian cargo import terminal at Dahej north of Mumbai, reported an 18 percent increase in net profits and a 58 percent surge in annual revenues even as India’s LNG imports showed a year-on-year decline.
Indian LNG imports drop for fourth month but offset by domestic gas output amid Jaigarh FSRU delay
Indian liquefied natural gas imports dropped for a fourth month and by more than 10 percent as the costs of shipments rose at a slower pace and the debut of a seventh terminal was delayed by higher prices while offshore domestic gas pipeline supplies continued to increase on the East Coast.
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.
LNG firm Toyo Engineering discusses platforms alliance with MODEC to keep stable oil and gas supplies
Toyo Engineering Corp. of Japan, an expert in gas processing projects and LNG import terminals, is discussing an engineering alliance with Japanese offshore platform construction company MODEC to maintain stable global oil and gas supplies in the years ahead.
Shell India seeks partnerships for LNG filling stations and to expand small-scale distribution by trucks
Royal Dutch Shell’s subsidiary in India is exploring partnerships with other companies to expand the liquefied natural gas fuel market for vehicles and also expects LNG truck-loading bays to increase in number to enable wider distribution of small-scale volumes.
US LNG supply accord signed by Petronet and Tellurian in front of Indian PM Modi has lapsed
Tellurian Inc., the developer of the Driftwood LNG plant in Louisiana, has confirmed that its prestigious accord with India’s Petronet LNG for volumes and investment first signed in the presence of Indian Prime Minister Narendra Modi has now elapsed.
Indian LNG imports jump with prices lower amid steady flow of Qatari and African cargoes
Indian liquefied natural gas imports surged for an eighth month in the current fiscal year as more volumes were imported at a lower cost from countries like Qatar, the US, Australia and West African nations such as Nigeria and Angola.
