Asian LNG prices now below US$5.00
Asian LNG spot prices have now broken the US$5.00 per million Btu mark, a result of a lack of growth in demand and continued high levels of supply.
Browse the latest india lng news news and articles.
Asian LNG spot prices have now broken the US$5.00 per million Btu mark, a result of a lack of growth in demand and continued high levels of supply.
Chart Industries Inc. has announced that it has signed a memorandum of understanding with Indian Oil Corp. Ltd to promote the development of the LNG market in India.
India’s LNG demand is set to rise by approximately 10% in 2019, despite import capacity increasing at a faster rate.
Asian LNG spot prices have now fallen to their lowest level for the current season since 2016.
Gail India has called for more flexible contract terms to be offered by US LNG producers.
Indian Oil Corp. has secured a second LNG delivery for its Enmore terminal.
GAC has announced that it has successfully handled the first tanker to berth at the newly constructed LNG terminal inside Kamarajar Port, Ennore, in Chennai, India.
Wood Mackenzie senior analyst Kaushik Chatterjee has shared his thoughts on the significance of the Ennore LNG project, and how it is the beginning of India doubling its regasification capacity to 56.5 million tpy by 2025.
According to Reuters, two industry sources have revealed that India’s Torrent Power is seeking an LNG cargo for delivery this month.
Indian Oil Corp. is currently seeking an LNG cargo for delivery in April to the Port of Dahej.
Asian LNG spot prices have continued to decline, as inconsistent demand is yet to make a dent in the oversupplied state of the market.
Gail India is currently offering a US LNG cargo due for loading in June, whilst also seeking a delivery for September.