Indian liquefied natural gas imports increased for a second month of the current fiscal year as the nation received more cargoes from West Africa, while its market moved towards building more infrastructure.
Nov 13 (LNGJ) - The 137,230 cubic metres capacity carrier “LNG Rivers” is unloading a cargo on November 13 at the Huelva terminal in southwest Spain from the Bonny Island plant in Nigeria, according to shipping data. The 210,100 cubic metres capacity Q-Flex carrier “Umm Al Amad” will deliver a shipment on November 14 to the Pakistani Port Qasim import facilities, located east of Karachi, from the Ras Laffan plant in Qatar. The 155,000 cubic metres capacity carrier “Gaslog Salem” will deliver a Qatargas cargo on November 18 to the Zeebrugge terminal in Belgium. The 138,088 cubic metres capacity vessel “Berge Arzew” will unload a shipment on November 18 at the Aliaga facility in Turkey from the Sonatrach-operated plant in Algeria.
The 155,000 cubic metres capacity vessel “Gaslog Savannah” will deliver a cargo on November 20 to the Japanese Hachinohe terminal, owned by Nippon Oil, from the Woodside Petroleum export facilities at Dampier in Western Australia. The 160,400 cubic metres capacity carrier “Cubal” will deliver a shipment on November 28 to the Indian Dahej terminal, owned by Petronet, from the Angolan plant in southwest Africa. The 266,000 cubic metres capacity carrier Aamira will deliver a Qatargas cargo to the South Korean Incheon terminal on December 3.
Indian LNG imports rose 3.2 percent in September, the seventh straight month of increases as shipments were received from nations such as Qatar, Angola and Nigeria, while the costs of the cargoes also continued to rise for the Asian nation and amounted to about $800 million last month.
Indian LNG imports soared last month by almost 39 percent as shipment came from nations such as Qatar, Australia, the US and Angola as India prepared to bring a fifth regasification terminal on line on the West Coast as it awaits its first facility on the East Coast.
Dominion Energy, owner of the Cove Point liquefied natural gas liquefaction facility on Chesapeake Bay in the state of Maryland, is pulling out all the stops to acquire Scana Corp and its South Carolina natural gas and power assets as it strives to become a major player in the US utility business.
Indian liquefied natural gas imports decreased in February as the cost of the shipments soared more than 25 percent compared with the previous fiscal year and India prepared to receive some less expensive volumes in the future from US export plants in Louisiana and Maryland.
Indian liquefied natural gas imports fell for a second month as global spot prices began to rise and fewer additional shipments were available at affordable prices for gas-fired power and industrial use.