The steep 70 per cent spike in global liquefied natural gas (LNG) price is unlikely to curb domestic demand, but may crimp the margin of city gas distribution (CGD) companies to some extent as volume growth will support marketing margins, according to a report.
India plans to set up an LNG terminal in Myanmar as part of New Delhi’s energy diplomacy strategy.The terminal to import super-cooled natural gas will be in addition to similar facilities planned by Indian companies in Bangladesh and Sri Lanka as part of a larger plan of energy connectivity in South Asia.
The biggest LNG importer of India said in the proposal it can build the LNG receipt facility on Kutubdia Island in three and a half years from the date of receiving all approvals, the Press Trust of India reported on Friday citing Petronet Managing Director and CEO Prabhat Singh.
The government is likely to expand the use of LNG as fuel for transport purpose, Union Petroleum Minister Dharmendra Pradhan said in Lok Sabha and also announced that his ministry is working on a programme to convert cow dung and farm waste to energy.
The relatively young industry of projects using floating storage and regasification units (FSRU) has enjoyed boom years since 2015 as many new importers of liquefied natural gas (LNG) used these floating types of carriers that are cheaper than having to build an entire onshore LNG import terminal.
Oil major Shell and its partner are seeking to import liquefied natural gas (LNG) into Indonesia, an energy ministry official said on Tuesday.
Indian companies like their Asian peers are moving towards shorter and smaller orders for liquefied natural gas (LNG), revealed S&P Global Platts, a leading provider of benchmark prices and analytics for the energy and commodities markets.
The country’s liquefied natural gas (LNG) imports jumped 20 per cent year-on-year in the first half of this year on strong growth in demand, S&P Global Platts said on Thursday.
Gujarat State Petroleum Corp (GSPC) will commission a 5 million tonnes a year liquid gas (LNG) import terminal at Mundra in Gujarat in next two to three months, its Managing Director Jagdip Narayan Singh said.
Kawasaki Kisen Kaisha, Chubu Electric Power , Toyota Tsusho, and Nippon Yusen KK said on Friday that their joint venture has placed an order for a liquefied natural gas (LNG) bunkering vessel with Kawasaki Heavy Industries