Indian LNG imports rose 3.2 percent in September, the seventh straight month of increases as shipments were received from nations such as Qatar, Angola and Nigeria, while the costs of the cargoes also continued to rise for the Asian nation and amounted to about $800 million last month.
Adani Group Chairman Gautam Adani and Total Chairman and Chief Executive Patrick Pouyanne have signed an agreement for a 10-year investment plan in the Indian market, including joint ventures in liquefied natural gas and a nationwide network of stations for cleaner fuel.
French energy major Total said it was in talks with several Indian companies to supply LNG volumes and was looking at the developing natural gas fuel market for vehicles.
Oil and Natural Gas Corp. (ONGC) of India has awarded a contract to two US energy engineering companies, McDermott and the General Electric oil and gas services affiliate, for the development of a key block in the Krishna Godavari basin of the Bay of Bengal that will slightly ease the gas crisis on the East Coast where no LNG import facilities operate.