Indian Prime Minister Narendra Modi will formally open the long-awaited 450-kilometres natural gas pipeline from the Kochi LNG import terminal in the southwest state of Kerala to the port city of Mangaluru in the state of Karnataka further north.

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Tellurian Inc. appears to be set to renew its preliminary liquefied natural gas supply and equity investment deal with Indian importer Petronet LNG as the US firm’s shares jumped by more than 56 percent on the Nasdaq global exchange after leaks by executives.

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India has brought natural gas supply to Bhubaneswar, the capital of India’s eastern state of Odisha, as part of an expansion of the pipeline network and infrastructure, including LNG import and regasification facilities on the Indian East Coast to boost industrial development.

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Imports of liquefied natural gas by India rose last month by 4.8 percent during a surge in late September of cargoes from Nigeria and Algeria as the cost of the shipments also increased while the nation managed to continue boosting domestic gas production.

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Indian Minister for Petroleum and Natural Gas Dharmendra Pradhan said his country had renegotiated the pricing of liquefied natural gas volumes imported from the Gorgon project on Barrow Island in Western Australia.

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Indian Petroleum and Natural Gas Minister Dharmendra Pradhan has led a ceremony marking the start of construction of the first liquefied natural gas import terminal on the East Coast of India.

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India said it was planning the formation of a Gas Trading Hub to handle more LNG and natural gas supplies and pledged to improve the gas pipeline transmission infrastructure and upstream exploration and production in offshore areas as well as in coal-seam gas.

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Tuesday, 19 July 2016 06:24

Indian LNG growth potential

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July 19 (LNGJ) - India’s low use of LNG and natural gas has been highlighted by the Minister for Petroleum and Natural Gas, Dharmendra Pradhan. He told parliament that the present natural gas share in the country’s fuel basket was just 6.5 percent compared with the world average of 23.8 percent. Pradhan said the country was taking measures to promote more natural gas and LNG use, including the approval of the new hydrocarbon and exploration licensing policy. “The government has also approved the auctioning of 67 discovered small fields through international competitive bidding for early monetization,” the minister said, in reference to plans for increasing domestic production. He also pointed to nationwide measures to increase natural gas use as fuel in small-scale distribution networks.

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