Indian imports of LNG are little changed in fiscal year so far because of infrastructure deficit
Indian LNG imports for the first seven months of the fiscal year from April were on track to be little changed compared with last year because of limited import infrastructure and pipeline capacity and the concentration of all terminals on the West Coast.
LNG carrier movements
June 1 (LNGJ) - The 160,106 cubic metres capacity vessel “Kita LNG” is unloading a Qatari cargo on June 1 at the Egyptian import facilities at the port of Ain Sokhna in the Gulf of Suez, according to shipping data. The 215,000 cubic metres capacity “Al Utouriya” is scheduled to arrive on June 4 at the Kochi import terminal in the southwest Indian state of Kerala with a partial cargo from Qatar. The 173,400 cubic metres capacity vessel “Oak Spirit” is scheduled to arrive on June 2 at the Sabine Pass export plant in Louisiana, operated by Cheniere Energy, to lift a cargo after previously delivering a shipment to the Argentine import facility at Bahia Blanca. The 147,000 cubic metres capacity carrier “Dapeng Moon” will unload a shipment on June 9 at the Chinese Shenzhen terminal, operated by China National Offshore Oil Corp., from the Woodside Dampier export facilities in Western Australia.
India plans to more than double LNG imports with East Coast terminals and greater fuel use
India said it planned to increase its liquefied natural gas import capacity to 50 million tonnes per annum from the current 21 MTPA as new infrastructure comes on line on the East Coast and LNG fuel is marketed for transport.
Indian LNG imports drop in July though nation still on course for record annual shipments
India’s liquefied natural gas imports for the month of July dropped 3.8 percent, though the nation remained on course for record annual shipments to the four regasification terminals of around 18 million tonnes.
LNG imports to India surge for a second month as nation stays on track for record shipments
India’s liquefied natural gas imports surged more than 43 percent in May, maintaining the level of the previous month’s jump in supplies delivered to the country’s four import terminals.
Indian importer Petronet LNG posts slump in revenues of over 30 percent despite price cuts
Petronet LNG, the Indian importer with two regasification terminals on the west coast, posted a tumble of more than 30 percent in income from operations in fiscal 2016, though improvement was seen in the final quarter after Qatar supply company RasGas agreed to drop its prices.
