RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2015-06-01 18:50:00

INDIA BUY US LNG

INDIA BUY US LNG

State-owned Indian Oil Corp (IOC) on Friday said it has signed an interim agreement to buy 0.7 million tonnes (MT) per year of LNG from US on a long-term contract beginning 2018.

"To secure LNG supplies, IOC has forayed into independent LNG purchase," Indian Oil chairman B Ashok told reporters here.

It last year, bought 1.2 million tonnes a year of liquefied natural gas (LNG) for 20 years with Pacific North West LNG project of Canada. Delivery is expected to commence by 2020.

Now, IOC has signed an agreement with Mitsubishi Corp of Japan for 0.7 million tonnes a year of LNG for 20 years from Cameron LNG project in USA, he said adding the delivery is expected to start from the first quarter of 2018.

IOC director (business development) D Sen said an interim sale purchase agreement has been signed with Mitsubishi Corp which now has to be converted into a firm gas sales and purchase agreement (GSPA). 

oilandgaseurasia.com

Tags: INDIA, US, GAS, LNG, OIL,
Chronicle:
INDIA BUY US LNG
2021, July, 9, 12:04:00
HYDROGEN RUSSIA AND CIS, Moscow, 20-21 October 2021
International Conference and Exhibition ‘Hydrogen Russia and CIS’ brings together more than 200 senior executives of hydrogen production plants from Russia and the CIS
INDIA BUY US LNG
2021, July, 9, 12:00:00
ARGENTINA'S NUCLEAR SMR
Before work was suspended, it was in line to be the world’s first operating SMR. The government licensed it as a prototype in 2009.
INDIA BUY US LNG
2021, July, 9, 11:55:00
CHILE'S COAL GENERATION DOWN
In June 2021, the Chamber of Deputies of Chile has approved a bill that prohibits the installation and operation of coal-fired power plants.
INDIA BUY US LNG
2021, July, 8, 12:50:00
OIL PRICE: NEAR $73
Brent slipped by 23 cents, or 0.3%, to $73.20 a barrel, WTI were down 33 cents, or 0.5%, at $71.87 a barrel.
INDIA BUY US LNG
2021, July, 8, 12:45:00
OIL PRICES 2021-22: $72-$67
We expect rising production will reduce the persistent global oil inventory draws that have occurred for much of the past year and keep prices similar to current levels, averaging $72/b during the second half of 2021 (2H21).
INDIA BUY US LNG
2021, July, 8, 12:40:00
EUROPE CLIMATE RULES
According to draft proposals seen by market sources, the CBAM will replace the current system of free carbon allowances for metals sectors, and tighten allowances in the European Emissions Trading System generally, a bone of contention for some.
INDIA BUY US LNG
2021, July, 8, 12:35:00
ASIA INDEXES DOWN ANEW
The Hang Seng index (.HSI) led losses with a 1.9% drop, its eighth consecutive session in the red, with more falls in internet giants Tencent (0700.HK), Meituan (3690.HK) and Alibaba (9988.HK) as the sector reels from sweeping Chinese regulatory scrutinty.
All Publications »