The South Asian nation is estimated to import about 2.36 million tonnes in February, shiptracking data from Refinitiv Eikon showed. That would exceed India's LNG imports in October of about 2.3 million tonnes, the previous highest monthly total.
Moneycontrol's Shraddha Sharma gets in conversation with Swaraj Baggonkar to talk about the government's push towards LNG.
State-run Qatar Petroleum (QP) declined to comment on the reported delay, which comes as the global gas industry faces the major challenge of a supply glut due to booming U.S. production and a drop in Chinese demand.
A sharp drop in natural gas prices offers government the opportunity to reignite gas-based power units
The impact of China's coronavirus outbreak on LNG market could worsen in the coming weeks as economic activity in manufacturing hubs struggles to rebound, keeping a lid on natural gas demand and triggering more LNG trade flow disruptions.
While coronavirus has accelerated the fall in the last few months, there is also a structural weakness in LNG prices, which the current crisis has exposed
With gas pipelines yet to reach most parts of eastern India, GAIL has hired specialised cryogenic bullet trucks to transport imported liquefied natural gas from Dahej in Gujarat to Bhubaneshwar, where it is used as CNG to fuel automobiles and piped gas as cooking fuel in kitchens, company Chairman and Managing Director Ashutosh Karnatak said.
The refiner was seeking the cargoes on a delivered ex-ship (DES) basis, one of the sources said.
The tender closes on December 10 and is valid until December 12, one of them said.
No further details were immediately available and Saudi Aramco declined to comment. EOIs are preliminary enquiries that may or may not turn into full-fledged orders.
The expansion of Qatar's LNG facilities is the world's largest and one of the energy sector's most lucrative projects.
The government needs to capitalise on LNG prices and reintroduce the scheme for supplying imported gas.
In March 2015, Prime Minister Narendra Modi had pledged to provide piped natural gas connections to one crore households "in the next four years".
Petronet’s board had rejected the same deal six months ago because of the changing global gas market dynamics, where the fuel is available in abundance at rock bottom prices.
Prime Minister Narendra Modi met Trump on the sidelines of the UN General Assembly session and discussed with him bilateral ties
The cargo on board of the Meridian Spirit that loaded at the US Cove Point plant on March 20 was offered in a tender on March 25 when it was crossing the Atlantic Ocean.
New Delhi made a commitment in the Paris Agreement of 2015 to reduce the carbon emissions intensity of India's economy by one-third, and aims to more than double the share gas has in its energy mix to 15 percent by 2030, from 6.2 percent now.
The utility is seeking the cargo for delivery into Dahej terminal on March 26 on a delivered ex-ship (DES) basis, one of the sources said.
Commodities trader Vitol Asia bid in S&P Global Platts' pricing process on December 27 for a series of four LNG cargoes to be delivered over 2019 to 2020, according to one trader.
The availability of some of the tankers after discharge has helped to ease LNG tanker rates.
The terminal to import super-cooled natural gas will be in addition to the similar facilities planned by Indian firms in Bangladesh and Sri Lanka as part of larger plan of energy connectivity in the South Asian neighbourhood, he said.
India will import LNG worth an estimated USD 25 billion over the contract period of 20 years years from Russia, he adding, "Gazprom price (after being reworked) is very competitive."
State-owned gas utility GAIL India Ltd will bring the shipload of LNG from Gazprom at Petronet LNG Ltd's import terminal here, official sources said. Beginning of supplies from Russia comes within weeks of India importing its first ever LNG cargo from US under a long-term import deal.
The cargoes are for delivery in July, September, December and March into the Dahej terminal, one of them said.
As per the contract, IOC has booked 3 million tonnes per annum (MTPA) regasification capacity spread over 20 years, APSEZ said in a statement.