LNG

Indian liquefied natural gas imports suffered another large monthly fall by more than 16 percent because of the slowing economy and the higher prices needed to attract additional shipments from the higher-priced Atlantic Basin.

Petronet LNG, the largest Indian cargo importer, reported a surge in revenues and a decline in net profits as it planned a terminal expansion and the construction of a new facility on the East Coast.

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.