The US is working with allies to ensure adequate global oil supplies after its sanctions barred nations from buying Iranian crude, US treasury secretary Steven Mnuchin said on Friday. He spoke to reporters during a trip to India.
Indian customers are choosing spot cargoes over long term LNG contracts as spot purchases are cheaper, Prabhat Singh, chief executive of India’s Petronet LNG Ltd said on Tuesday.
Essar Steel India has issued a tender for 12 liquefied natural gas (LNG) cargoes for 2020 delivery, after previous tender was cancelled, two market sources said on Friday.
India is buying two additional LPG cargoes from the Abu Dhabi National Oil Company (ADNOC) on an urgent basis ahead of the festive season, India’s oil minister Dharmendra Pradhan said
Asian LNG prices will likely be at their lowest, seasonally, in a decade by the end of the year as rapidly rising production outstrips feeble demand, weighed down by a global economic slowdown and the U.S.-China trade war, traders said.
Indian gas company H-Energy announced earlier this week an agreement to build a liquefied natural gas regasification and reloading terminal at Kakinada port, in the eastern state of Andhra Pradesh.
H-Energy, the oil and gas arm of Mumbai-based Hiranandani Group, on Monday said it has entered into a port service agreement (PSA) with Kakinada Seaports (KSPL) for developing a liquefied natural gas (LNG) regasification and reloading terminal at Kakinada port in Andhra Pradesh.
India’s Reliance Industries is seeking a liquefied natural gas (LNG) cargo for delivery in the second half of October, two industry sources said on Thursday.
India’s decision to bolster its energy ties with resource-rich Russia has nothing to do with the issues faced by the country on purchasing oil and LNG from Iran, Foreign Secretary Vijay Gokhale said on Wednesday.
European gas hub prices have exceeded the price of liquefied natural gas (LNG) on the Asian spot market in a rare occurrence that rules out arbitrage of LNG cargoes between the Atlantic and Pacific basins.