LNG

Two years after Indian Prime Minister Narendra Modi inaugurated the first Indian East Coast liquefied natural gas import terminal at Kamarajar Port, also known as Ennore, Qatargas has delivered its first and largest commercial cargo as the terminal seeks to boost its capacity utilisation, currently under 12 percent.

Feb 3 (LNGJ) - Indian importer Petronet LNG is expected to sign a firm supply agreement with Gulf Coast liquefaction plant developer Tellurian Inc. during the scheduled visit to India on February 24-25 of US President Donald Trump. The initial agreement between Houston-based Tellurian and Petronet for up to 5 million tonnes per annum of US LNG was signed during a visit to the Texan city in September 2019 by Indian Prime Minister Narendra Modi.

   Petronet is also negotiating an equity investment in Tellurian’s Driftwood project proposed for the west bank of the Calcasieu River, south of Lake Charles in Louisiana, and with output of just over 26 million tonnes per annum when completed in 2023.

Gas Authority of India, one of the main liquefied natural gas importers for the nation and with US volumes from Cove Point in Maryland and Sabine Pass in Louisiana, recorded its highest ever annual net profit, boosted by its LNG business.

Oct 12 (LNGJ) - The Indian government of Prime Minister Narendra Modi approved the signing of a Memorandum of Cooperation between India and Japan on establishing a liquid, flexible and global LNG market. “The MoC will promote bilateral relationship between India and Japan in the energy sector. It will contribute to the diversification of gas supplies for India. This will strengthen our energy security and lead to more competitive prices for consumers,” an Indian statement said. Japan is the world's largest LNG importer, receiving more than 83 million tonnes in 2016, while India is the fourth-largest buyer with just over 18MT of imports last year.