India’s Reliance Industries reports mixed oil and natural gas earnings and gives quarterly gas prices analysis
India’s Reliance Industries, the group with growing natural gas and oil and chemicals businesses, reported increased overall fiscal first-quarter revenues while net income slipped amid moves to boost the nation’s domestic output with more exploration and production to offset LNG and oil imports.
Mozambique pledges to establish sovereign fund like Norway’s from LNG projects to lift nation from poverty
Mozambique, the newest liquefied natural gas exporter, has voted for the creation of a Sovereign Wealth Fund similar to that in oil and gas producing nation Norway to make sure the Mozambican people benefit from current and future LNG expansions led by major international energy companies.
South Korean LNG imports are steady as storage increases and deliveries set to match the levels of last year
The South Korean government said that liquefied natural gas imports have remained steady and measures were being taken to boost storage for the winter because of continued global geopolitical uncertainties.
Decline in Indian LNG imports slows in face of more competitive market and lukewarm domestic gas demand
The decline in Indian liquefied natural gas imports slowed to 1.8 percent from the previous month’s 24 percent fall as cargoes for West Asia were expensive when competing with Europe and South America and as Indian domestic gas demand remained flat.
Asian LNG prices rise with cargo deliveries while values ease in Europe as gas storage hits 80 percent fill rate
Asian liquefied natural gas prices increased as cargo deliveries to China, Japan and South Korea neared 60 shipments per week while European Union wholesale gas prices stalled as storage levels reached more than 80 percent in nations like Germany, Italy and Spain.
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 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.
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.
European gas and LNG prices drop as demand weakens again while Asian spot cargo values fall at slower pace
Europe’s natural gas and LNG markets suffered another price fall on the week of 5.8 percent amid mild winter weather as the Japan-Korea Marker price for spot cargoes extended its front-month premium to $5.65 per MMBtu over European Union values.
India’s LNG imports drop 2.7 percent as rising cargo costs curb spot market participation by Asian nations
Indian imports of liquefied natural gas dropped by 2.7 percent in July, the 11th straight monthly decline, as LNG prices have increased in the spot market and continue to curb purchases in Asia.
