India’s Reliance Industries boosts natural gas to offset LNG imports and gives quarterly gas prices analysis
India’s Reliance Industries, the group with growing natural gas and oil and chemicals businesses, reported increased fiscal third-quarter earnings amid moves to boost the nation’s natural gas to offset LNG imports as prices start to decline.
Indian LNG imports drop by 24 percent in May on lower prices from a year ago though cargo costs are rising
Indian liquefied natural gas imports dropped by 24 percent in May at prices lower than a year ago to reverse April’s brief rebound as domestic gas production was also flat while the start of the monsoon season in June has coincided with higher cargo prices.
McDermott completes gas field work for LNG importer India with several offshore firsts for deep-water venture
McDermott International, the Houston-based LNG and energy engineering company said it had completed work on the Reliance Industries-operated Satellite Cluster natural gas field in the Krishna Godavari Basin offshore the Indian East Coast to provide more supplies for the LNG importing nation.
