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2017-04-03 18:35:00

SHELL DOUBLE LNG

SHELL DOUBLE LNG

REUTERS - Royal Dutch Shell Plc plans to double the capacity of its liquefied natural gas import facility at Hazira on India's west coast to 10 million tonnes a year, a top company executive said on Friday.

Shell Gas B.V, a unit of Royal Dutch Shell Plc, owns a 74 percent stake in Hazira LNG Ltd, while Total Gaz Electricite France, a unit of France's Total SA, holds the rest.

"We've done all the work, now it's sort of taking a look at when is the right timing in terms of demand that's available," Nitin Prasad, chairman of Shell Companies in India, told Reuters, without giving a timeline for the expansion.

A government panel said in a report in April 2015 that Hazira LNG will look to expand the capacity of its LNG terminal in the western state of Gujarat by 50 percent to 7.5 million tonnes per annum in the fiscal year to March 2017.

Shell on Friday opened a new technology centre in Bengaluru, the capital of the southern state Karnataka. The technology hub, Shell's third in the world, is aimed at expanding the company's research and development activities in Asia.

India aims to raise the share of natural gas in its energy mix to 15 percent in the next three years from about 6.5 percent at present, as it attempts to achieve energy security while keeping pollution levels down.

India's gas imports in April 2016-February 2017 rose 16.4 percent to 22.53 billion cubic metres, according to government data. 

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Earlier: 

RUSSIAN ARCTIC LNG 

U.S. LNG EXPORTS UP 

JAPAN'S LNG UP 

SOUTH KOREA'S LNG DOWN 

INDIA'S LNG DOWN 3% 

IMPORTANT LNG MARKET 

CHINA'S LNG RECORD

 

 

Tags: SHELL, LNG, INDIA, TOTAL

Chronicle:

SHELL DOUBLE LNG
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.

SHELL DOUBLE LNG
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.

SHELL DOUBLE LNG
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.

SHELL DOUBLE LNG
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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