Largest Indian cargoes importer Petronet LNG reports record quarterly pre-tax profits as Dahej volumes surge
Petronet LNG, the state-backed owner of the largest Indian import terminal at Dahej in the West Coast state of Gujarat and a smaller facility at Kochi in the southwest state of Kerala and with plans for a third terminal, reported record quarterly earnings before tax while revenues plunged from a year ago as prices fell.
Indian LNG imports jump 14.3 percent for current fiscal year to December as prices drop and demand grows
Indian liquefied natural gas imports surged for another month by just over 12 percent and by more than 14 percent for the fiscal year so far, helped by lower prices and higher demand and despite more competition from increased output from Bay of Bengal domestic gas resources.
Indian LNG imports surge by more than 20 percent on lower prices from a year ago and higher domestic demand
Indian liquefied natural gas imports surged by more than 20 percent last month helped by lower prices and higher domestic gas demand while gas output offshore the Bay of Bengal also increased.
Indian LNG imports drop again amid higher prices as domestic output rises and consumption declines
Indian liquefied natural gas imports continued their decline in 2022 because of high prices and competition from the European market, while domestic natural gas output rose amid a fall in the nation’s gas consumption.
Asian and European LNG cargo values stay at seasonally record high levels as liftings drop and charter rates rise
Prices remained strong in the liquefied natural gas spot cargo market as liftings from global export plants fell to their lowest level of 2022 and shipping charter rates jumped amid continued seasonally record high cargo values in Asia and Europe.
Indian LNG imports decline at much higher prices while being offset by soaring domestic natural gas output
Indian liquefied natural gas imports declined amid a surge in cargo prices and the fall was offset by higher domestic natural gas production as the nation slowly recovered from the Covid-19 pandemic.
LNG prices rise by $3 per MMBtu amid European supply shortages while resurgent oil gains just $2 per barrel
Global liquefied natural gas demand remained at high levels shown by a weekly rise in the North Asian spot cargo price of $3 per million British thermal units while resurgent oil was up just $2 per barrel and European benchmark values slipped back after a week of record rises.
Indian LNG imports drop amid 40 percent surge in prices as more domestic gas output offsets fall
Indian liquefied natural gas imports last month dropped by more than 17 percent amid a 40 percent surge in cargo prices year-on-year, while domestic natural gas production more than offset the fall in imports.
LNG demand is steady with Asian spot moving higher amid global oil market concerns on US security
LNG demand was firm worldwide on the week in terms of liftings as prices edged higher for the season for spot shipments to North Asia and European values increased while oil market concerns centred on various issues, including the competence of the current US Administration and its economic policies.
India LNG imports end months of decline with small rebound as domestic output and regas capacity rise
India’s liquefied natural gas imports edged higher for the first month in four, along with domestic gas production, as a new LNG import facility on the West Coast is being commissioned to boost delivery capability amid the nation’s slow economic recovery from the ongoing effects of Covid-19.
