Indian Oil LNG deals
July 18 (LNGJ) - Indian Oil Corp., the country’s main oil refiner and importer and the owner of the LNG import terminal at Ennore in Kamarajar Port in the East Coast state of Tamil Nadu, has signed separate long-term supply agreements with France’s TotalEnergies and a unit of Abu Dhabi National Oil Company (ADNOC) for a combined 2 million tonnes per annum of deliveries.
TotalEnergies will supply 800,000 tonnes a year to state-owned Indian Oil for 10 years while the ADNOC subsidiary, Abu Dhabi Gas Liquefaction, will deliver 1.2 MPTA to the Indian refiner under a long-term deal starting in 2026.
Indian LNG imports tumble because of higher prices and lower natural gas demand in domestic markets
Indian liquefied natural gas imports suffered another large monthly fall by more than 16 percent because of the slowing economy and the higher prices needed to attract additional shipments from the higher-priced Atlantic Basin.
Indian LNG imports fall 9 percent amid US Cove Point volumes and new East Coast terminal
Indian liquefied natural gas imports fell last month by just over 9 percent with cargoes arriving at a slower pace from suppliers in Qatar, West Africa, Australia and the US as the nation also received its commissioning cargo in late February for the first import terminal on the East Coast.
US equipment-maker Chart Industries signs key accord with Indian Oil on LNG cooperation
Chart Industries, the US LNG equipment-maker for production, storage and distribution, and Indian Oil Corp, owner of the first import terminal to start up on the Indian East Coast, have signed an accord to promote the development of the LNG market in the Asian nation.
Indian PM Modi holds inauguration ceremony in Tamil Nadu for first East Coast LNG terminal
Indian Prime Minister Narendra Modi has inaugurated the first Indian East Coast liquefied natural gas import terminal at Kamarajar Port that recently started its commissioning process with a cargo from Qatar.
