Page 2 - Lng Import

French imports of Russian LNG surge, Ukraine supporters call for halt

Shipments of Russian liquified natural gas to France more than doubled the first half of this year, according to new analyses of trade data, at a time when Europe has tried to pull back from energy purchases that help finance the Kremlin's invasion of Ukraine. Europe has restricted oil imports from Russia, but natural gas is still allowed. And while companies in France are importing the most, one analysis found EU countries overall imported 7% more Russian LNG, natural gas that has been chilled and liquified for easier ocean transport, in the first half of this year compared to the same period a year ago. Oleh Savytskyi, a founder of nonprofit Razom We Stand, which campaigns for tougher sanctions on Russian fossil fuels, said the EU's goal of phasing out all Russian fossil fuels by 2027 was appallingly off track. He said countries buying Russian LNG are sabotaging the continent's energy transition and contributing billions to Russia's war effort. European governments have said banni

Woodside Energy revenue falls from prior quarter on lower LNG, oil prices

Australia's largest LNG exporter said production from its Bass Strait project in Victoria and Pyrenees and Pluto LNG projects in Western Australia fell in the first quarter

India prepares to start new LNG import terminal as demand increases

India currently imports LNG via seven terminals. Along with the Chhara facility, Swan Energy Ltd.'s Jafrabad import facility is also expected to begin operations this year, according to BloombergNEF

India to sign billion dollar deal to extend LNG imports from Qatar

India is likely to sign on Tuesday a multi-billion dollar deal to extend LNG imports from Qatar till 2048 at rates that are lower than current prices, sources said. Petronet LNG Ltd will sign the deal with QatarEnergy to extend import of 7.5 million tonne a year on sidelines of India Energy Week here. Sources said the price will be "significantly' lower than current price. Petronet currently imports 8.5 million tonne a year of LNG from Qatar under two contracts. The first 25-year deal is to expire in 2028 and is now being extended for 20 additional years. The second deal for 1 million tonne a year entered into in 2015, will be negotiated separately, sources said. India, the world's third biggest energy consumer, sees natural gas as a transition fuel for migrating to net zero carbon emissions by 2070. As part of this, the government is targeting to raise the share of natural gas in the country's energy mix to 15 per cent by 2030 from 6.3 per cent now. Sources said the current deal

No immediate impact of US decision to pause LNG export permits: Officials

Officials however said major LNG routes into India do not cross the main maritime area affe ted Houthi strikes in and around the Red Sea and Gulf of Aden

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

Petronet to sign deal to extend Qatar LNG imports beyond 2028: Oil secy

Petronet has a 7.5-million metric ton per year (tpy) long-term LNG import deal with Qatar and its promoters Indian Oil Corp, Bharat Petroleum Corp and GAIL (India) Ltd has a 1 million tpy deal

Indian Oil signs long term LNG import deals with ADNOC LNG, TotalEnergies

TotalEnergies would supply 0.8 million tpy LNG to IOC under the 10 year deal, it said. TotalEnergies would supply LNG to IOC from its global portfolio

GAIL to build $4.89-bn ethane cracker near LNG import plant in West India

The company plans to import ethane from the United States for the project, the source said

Govt's efforts to avoid power crisis set to boost LNG imports in summers

An early onset of hot weather has already pushed power demand to near-record levels, stoking fears of a repeat of the intense heat wave last year

'India's gas imports to rise on easing global prices', says Petronet LNG

India's gas imports in October and November declined by about a fifth to about 1.8 million tonnes from this fiscal year's peak of 2.2 million tonnes in May

Petronet LNG Q2 results: Net profit down 10%, but turnover highest

The company is currently expanding capacity by 9 million tonnes at its LNG terminals in Dahej, and Kochi

Shortage of LNG tankers beginning to affect supplies to India: Industry

Tightening Russian gas supplies to Europe has led to scramble for tankers before winter sets in

India's shaky energy security and growing dependency on foreign fuels

New Delhi is yet to announce a comprehensive and detailed policy across the energy spectrum to tackle this very real threat to economic growth

China's appetite for commodities is wavering after years of growth

Energy imports in particular plunged in June, capping a weak first half that may foreshadow a rare annual decline in purchases across many commodities

Centre asks GAIL to import LNG to meet rising city gas demand

Centre has requested GAIL to start importing LNG to meet the rising demands in metropolitan areas

Pakistan's dependence on natural gas is turning into a nightmare

Pakistan does get more than half its LNG under long-term contracts, which provides some protection against the volatile spot market

Petronet LNG seeks fresh foray into the petrochemical business

Petronet LNG Ltd is looking to reclaim the lost opportunities of the past decade as it seeks fresh foray into the petrochemical business and plans to set up an LNG import facility on the east coast

India grapples with LNG oversupply as coronavirus dashes demand

At least three companies have asked to delay shipments slated for May and June delivery, according to traders with knowledge of the matter

Asia seen driving 75% of LNG demand growth by 2040: Shell LNG outlook

Significant demand-supply gap seen opening in middle of current decade; China and India led LNG demand growth in 2020