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2017-01-23 18:45:00

INDIA'S LNG DOWN 3%

INDIA'S LNG DOWN 3%

NGWIndia's double-digit LNG import growth took a breather in the month of December, falling 2.9% on year, according to oil ministry's Petroleum Planning and Analysis Cell. The total imports last month were 1.9bn m³, witnessing a drop for the second time in the current fiscal year (April-March). Imports were lower in July when they shrank by 3.8%.

For the April-December period, however, India's LNG imports were up by a healthy 20% on year at 18.75bn m³.

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, 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 operation LNG terminals- Dahej, Hazira, Dhabol and Kochi. 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 are commissioned.

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Earlier:

INDIA'S OIL DEMAND UP 

IRAN - INDIA IMPORTS UP 

INDIA - JAPAN COOPERATION 

INDIA'S LNG IMPORTS UP 18% 

THE GREATEST INDIA'S MARKET

 

 

LNG:

 

 

Tags: INDIA, LNG, IMPORT

Chronicle:

INDIA'S LNG DOWN 3%
September, 22, 08:50:00

RUSSIA - KURDISTAN INVESTMENT

Instead, with the planned referendum just days away, Russian state oil giant Rosneft announced its latest investment last week, to help Iraqi Kurdistan develop its natural gas industry, for domestic supplies and eventual export.

INDIA'S LNG DOWN 3%
September, 22, 08:45:00

IRAN'S GAS EXPORT: ABOVE 5 BCM

Iran exported over 5 billion cubic meters (bcm) of natural gas during the first five months of the current Iranian calendar year (March 21-August 22), Dispatching director of National Iranian Gas Company (NIGC) announced.

INDIA'S LNG DOWN 3%
September, 22, 08:40:00

IRAQI OIL TO U.S.

Gazprom Neft has shipped its second and largest cargo of Iraqi crude to the US since the Badra field, its flagship overseas oil project, came on stream in 2014, the Russian oil company said Tuesday.

INDIA'S LNG DOWN 3%
September, 22, 08:35:00

QATAR - TURKEY LNG

Qatargas has agreed to sell 1.5 million tpy of LNG to Turkey’s BOTAŞ Petroleum Pipeline Corporation (BOTAŞ) over a period of three years

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