Lng Cargo

LNG vessel flagged off from US, to bolster energy supply chain: Gail

Government-owned natural gas company GAIL (India) Ltd has said its LNG carrier 'Energy Fidelity' was flagged off from the Sabine Pass terminal of the US, and the vessel is expected to ensure a resilient supply chain of cleaner fuel for the country. The vessel with a carrying capacity of 174,000 cubic meter (cbm) was flagged off on April 20 and is now en route to India. The ceremony was presided over by India's Consul General in Houston, Texas, D C Manjunath, GAIL said in a statement. "This ceremony symbolises the robust and growing India-US energy partnership, a relationship built on the shared priorities of reliability, innovation, and long-term security," Manjunath said. She emphasised that the flag-off aligns with India's focus on the 3Ts - Trade, Technology, and Tourism, reflecting a deepening partnership anchored in mutual trust and shared goals of energy security. Energy Fidelity is a centrepiece of GAIL's future-ready shipping portfolio. Engineered for maximum efficiency, th

Qatar LNG pause may flip global supply surplus into deficit: Morgan Stanley

Analysts at Morgan Stanley said that if the LNG outage in Qatar extends beyond a month, the global LNG market forecast could quickly swing from surplus to deficit

West Asia war: Is it the biggest risk ever to crude oil supply?

A supply disruption even at the mid-range of volumes at risk-7 to 8 million b/d of crude and products-would be higher than the volume that was initially at risk when Russia invaded Ukraine

West Asia war: 37 Indian-flagged ships stuck in Persian Gulf, Gulf of Oman

The Directorate General of Shipping also said that an attack on a port in Oman has resulted in the deaths of three Indian seafarers and left one injured aboard foreign-flagged vessels

Cochin Shipyard signs deal to build LNG vessel for French shipping giant

The Cochin Shipyard Limited (CSL) has signed a major contract with French shipping major CMA CGM for the construction of LNG dual-fuel vessels, in a move expected to boost India's global shipbuilding footprint and align with the green maritime transition, officials said on Thursday. In a statement, CSL said it signed a landmark Shipbuilding Contract (SBC) with CMA CGM at New Delhi on Wednesday for the construction of six 1,700 TEU LNG dual-fuel feeder container vessels. The contract was signed by CSL Chairman and Managing Director Jose V J and Rodolphe Saade, Chairman and CEO of CMA CGM. The ceremony was attended by Shantanu Thakur, Minister of State for Ports, Shipping and Waterways, and Vijay Kumar, Secretary, Ministry of Ports, Shipping and Waterways, along with senior officials from the Ministry, representatives of both organisations, and members of the maritime industry, the statement said. "The collaboration reflects strong global confidence in CSL's technical excellence, ...

Two Indian firms sanctioned by US for 'aiding' Russia's Arctic LNG project

The US has announced sanctions on two Indian firms for allegedly aiding Russia's Arctic LNG 2 project, in violation of its energy curbs aimed at crippling Moscow's revenue streams amid the Ukraine war

Venture Global's Plaquemines plant to produce first LNG in few days

Having sales contracts in place for the LNG plant aided Venture Global's financing efforts for the new facility

LNG traders divert cargoes from Europe to Asia as eastern demand rises

Quick change in course reflects agility of trading firms in sending LNG supplies to Europe or Asia, whichever pays, as colder weather increases competition between the two regions for the fuel

Sanctioned Russian LNG tanker attempts to transfer cargo to another ship

Pioneer vessel appears to stop next to another LNG ship in an apparent ship-to-ship transfer

Sanctioned Russian LNG tanker attempts to transfer cargo to another ship

Pioneer vessel appears to stop next to another LNG ship in an apparent ship-to-ship transfer

Global LNG market remains in fragile equilibrium on limited supply: IGU

The pace of growth was lower than the 5.6 per cent seen in 2022, as limited supply remains the primary growth- limiting factor

Panama Canal in talks with US LNG producers to increase transportation

The canal is typically used by US Gulf Coast exporters to send LNG cargoes to Asia via the Pacific Ocean, but from last year low water levels forced cuts to daily crossings

Consortium considers converting LNG tankers to floating storage in India

India LNG Transport is a collaboration between the Indian shipping company and Japanese firms Mitsui OSK Lines Ltd., Nippon Yusen KK and Kawasaki Kisen Kaisha Ltd

Adani Total Gas Q3FY24 results: Net profit rises 18% to Rs 176.64 crore

Gas sale volume for Q3 FY24, the company said, was up 21 per cent Y-o-Y to 224 million metric standard cubic meters (MMSCM), while the cost of natural gas dipped 4 per cent Y-o-Y

Asian LNG importers ramp up spot purchases after prices hit 7 month low

The Electricity Generating Authority of Thailand (EGAT) is also seeking one LNG cargo for delivery in March

GAIL issues tender to buy 1 LNG cargo for October delivery: Reports

India's largest gas distributor is seeking the cargo for delivery to the Dabhol terminal between Oct. 19-31

GAIL India issues swap tender for 12 LNG cargoes in 2024, say reports

GAIL (India) Ltd has issued a swap tender seeking 12 cargoes of liquefied natural gas (LNG) for loading in the US in exchange for 12 cargoes for delivery into India in 2024, two industry sources said

GAIL seeks LNG cargo for delivery to Dhamra terminal in May: Reports

GAIL (India) has issued a swap tender offering one liquefied natural gas (LNG) cargo for loading in the United States in exchange for another cargo for delivery to India, two industry sources said

UltraTech uses LNG trucks to transport cement as part of ESG initiative

UltraTech is making strides in its commitment to sustainability and decarbonisation of its operations with this second deployment of GreenLine's LNG-powered fleet of trucks

GAIL India seeks two LNG cargoes for February delivery, says report

GAIL is seeking the cargoes for delivery during the month of February on a delivered ex-ship (DES) basis into the country's Dabhol terminal