50% cheaper LNG may save $750mn in Fiscal 2010
Global prices of natural gas which is rising replacing liquid fuel, dipped by more than 50% over the last six months, leading to huge foreign exchange savings on imports. For full story, click here
Articles Tagged "lng"
Qatargas signs agreement on LNG research with Shell
Qatargas and Shell signed a memorandum of understanding for jointly researching liquefied natural gas logistics with an objective to develop new ways of optimising supply chains to deliver to LNG global markets. Faisal Al Suwaidi, Chairman and Chief Executive Officer of Qatargas Operating company, stated: We are pleased to be able to be a partner [...]
India’s LNG imports may double this year
India’s import of Liquefied Natural Gas (LNG) could more than double this year due to the rise in supply globally, say market players. For full story, click here
LNG Ltd. Sees Project Approval in 2009
LNG Ltd. announced that its $500 million plant in Australia is set to get the go-ahead by the year-end after an investment by Golar LNG Ltd. Maurice Brand, managing director of Perth-based LNG Ltd., said: Golar, a Norwegian operator of LNG tankers, will take a 40 percent stake in the project in Queensland state and invest [...]
India curbs LNG buying as naphtha cheap option
Indian buyers have brought Asia’s already-slow spot market for liquefied natural gas (LNG) to a virtual halt as they switch to naphtha, an alternative fuel that has tumbled in price in line with oil. For full story, click here
‘Gujarat Petro ups LNG unit capacity’
Gujarat State Petroleum Corp has raised the capacity of its planned LNG terminal by 30 percent to 6.5 million tonnes a year after a slump in prices of metals used in construction, two company sources said. For full story, click here
Thieves force Nigeria LNG to declare force majeure
Thieves tapping into energy pipelines in southern Nigeria have forced Nigeria LNG Limited, supplier of 10 percent of the world’s liquefied natural gas, to warn it may not be able to meet all of its export obligations. For full story, click here
Dabhol may retain LNG terminal
Govt may allow the two promoters of Ratnagiri Gas & Power Pvt Ltd (Erstwhile Dabhol Power), GAIL India and NTPC, to keep 5-mn tonnes per annum LNG terminal as an integral part of the 1,850 mw power project. For full story, click here
LNG supply crunch no longer given as demand hit
The deepening financial crisis and collapse in oil prices is all but certain to delay a number of LNG projects, but consumers need not fear a shortage since an economic recession may stifle demand growth. For full story, click here
GAIL to buy 1-2 LNG cargoes in Q1 2009
Gas transmission firm GAIL (India) Ltd plans to import one to two cargoes of liquefied natural gas (LNG) in the first quarter of 2009. For full story, click here
