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2016-10-24 18:30:00

INDIA'S LNG IMPORTS UP 33%

INDIA'S LNG IMPORTS UP 33%

NGW wrote, India's LNG imports continue double digit year-on-year growth as low prices attract buyers. According to latest data published by oil ministry's Petroleum Planning and Analysis Cell (PPAC), LNG imports in September were 2.37bn m³, up almost 33% compared with the same month last year. Cumulative imports too remain substantially higher. For the April-September period, India's LNG imports were 12.7bn m³, up almost by 27% on year.

The cost of importing LNG has dropped sharply this year after New Delhi signed a revised long term contract with Doha. Qatar is the largest supplier of LNG to India. Given the backdrop of low global LNG prices, Petronet LNG insisted on renegotiating its long-term contract with RasGas. In December and the two parties have signed a revised deal. The revised formula bases the price on a three-month average figure of Brent crude oil, replacing a five-year average of a basket of crude imported by Japan.

India has four operational LNG terminals: Dahej, Hazira and Dabhol in northwest India, and Kochi in the southern state of Kerala. According to a document released by the oil ministry on June 3, India's LNG terminal capacity could more than double by 2022 as existing terminals expand capacity and new ones get commissioned.

Domestic production
India's gross gas output in September stood at 2.6bn m³, down almost 6% year-on-year. Cumulative output for April-September was 15.72bn m³, down about 4.4% on the same period of previous year.

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Earlier: 

ROSNEFT WILL BUY INDIA 

ROSNEFT'S STRATEGIC INVESTMENT 

ROSNEFT SOLD $2 BLN 

INDIA APPROVED $3 BLN 

LNG TO INDIA: UP 35%

 

 

Tags: INDIA, LNG, GAS, IMPORT

Chronicle:

INDIA'S LNG IMPORTS UP 33%
October, 20, 12:10:00

NORWAY'S PRODUCTION DOWN 171 TBD

NPD - Preliminary production figures for September 2017 show an average daily production of 1 772 000 barrels of oil, NGL and condensate, which is a decrease of 171 000 barrels per day compared to August.

INDIA'S LNG IMPORTS UP 33%
October, 20, 12:05:00

ЦЕНА URALS: $ $55,55881

Средняя цена на нефть Urals за период мониторинга с 15 сентября по 14 октября 2017 года составила $55,55881 за баррель, или $405,6 за тонну.

INDIA'S LNG IMPORTS UP 33%
October, 18, 19:10:00

OIL PRICE: ABOVE $58

Brent crude futures, the international benchmark for oil prices, were at $58.16 at 0643 GMT, up 28 cents, or 0.5 percent from their last close - and almost a third above mid-year levels. U.S. West Texas Intermediate (WTI) crude futures were at $52.03 per barrel, up 15 cents, or 0.3 percent, and almost a quarter above mid-June levels.

INDIA'S LNG IMPORTS UP 33%
October, 18, 19:05:00

РОССИЯ: БОЛЬШЕ НЕФТИ И ГАЗА

Александр Новак отметил рост основных показателей всех отраслей энергетики в прошлом году: «Мы имеем рекордные показатели за прошлый год по добыче нефти, угля. Идёт рост добычи и экспорту газа, в том числе в Европу на уровне 15 процентов. По углю мы наблюдаем рост добычи даже больше уровня прошлого рекордного года. Также отмечается рост производства электроэнергии на 2%, что говорит об оживлении экономики».

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