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.
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.
Indian LNG imports jump along with domestic gas output as nation emerges from worst of pandemic
Indian liquefied natural gas imports last month surged more than 9 percent along with domestic natural gas production, up more than 19 percent, as economic activity proved to be more resilient as the nation emerged from the worst of the Covid-19 pandemic.
Indian LNG imports jump 45 percent in April because of much lower volumes when Covid-19 first hit
Indian liquefied natural gas imports jumped by more than 45 percent in April from a much lower figure in April 2020 caused by last year’s drop in economic activity after the appearance of the Covid-19 pandemic.
Höegh LNG FSRU scheduled to arrive off state of Maharashtra on April 10 to be seventh Indian terminal
Höegh LNG, the Norwegian-US fleet owner, has seen its floating storage and regasification unit (FSRU), the “Höegh Giant”, leave Singapore to be deployed offshore India at the end of this week as the Asian nation’s seventh LNG import terminal.
Hindustan Petroleum takes over West Coast LNG project in Gujarat state to push towards completion
Hindustan Petroleum Corp. Ltd (HPCL), an Indian state-controlled company, has acquired an additional 50 percent stake in an LNG project firm building an import terminal at the port of Chhara in the West Coast state of Gujarat, giving it full ownership with the purpose of advancing towards completion.
India reports another drop in LNG imports on slow economic recovery and wait for East Coast regas
India’s liquefied natural gas imports fell for a third month and by over 20 percent amid a slow economic recovery because of the ongoing effects of Covid-19, while the nation was still working on a better geographic spread of regasification facilities.
Höegh LNG merger with Morgan Stanley is opposed by key Spanish shareholder ahead of Bermuda vote
A Spanish equity fund, which holds a 15 percent stake in Norwegian LNG fleet owner Höegh LNG Holdings, said it planned to vote against the takeover offer led by Morgan Stanley and Höegh family interests at a meeting scheduled for March 30 at Höegh’s registered office in Bermuda.
Shell India seeks partnerships for LNG filling stations and to expand small-scale distribution by trucks
Royal Dutch Shell’s subsidiary in India is exploring partnerships with other companies to expand the liquefied natural gas fuel market for vehicles and also expects LNG truck-loading bays to increase in number to enable wider distribution of small-scale volumes.
Höegh LNG says Indian FSRU start-up set for end of March and updates on Australia and Philippines
Höegh LNG, the Norwegian LNG fleet owner and floating terminal projects company, returned to profit in the fourth quarter as it prepared to deploy a floating storage and regasification unit (FSRU) as India’s latest import terminal in the West Coast port of Jaigarh in the state of Maharashtra.
