Singapore-based LNG company AG&P announced plans for a new LNG Import Facility at Karaikal Port, Puducherry, paving the way to broader access to natural gas as a primary fuel in South India. The Karaikal LNG Import Facility (Karaikal LNG) is expected to commence commercial operations by Q4 2021.
ADNOC L&S along with Atlantic Gulf & Pacific (AG&P) shake their hand and inked a 15-year agreement concerning a floating LNG storage unit in Karaikal, India. Under the terms of the charter deal, ADNOC will provide one of its 8 LNG vessels, a 137.756 cbm Moss-type LNG tanker that would be converted to an FSU.
India has exempted very low sulphur fuel oil (VLSFO) used by ships from import tax, federal budget documents for 2020/21 show, in an effort to reduce costs for local shipping companies.
Doha-based LNG company Qatargas announced it has supplied a commissioning LNG cargo for India’s newest LNG receiving terminal, Mundra, located on the west coast of India. The cargo was loaded in Ras Laffan, on 17 January, and arrived at Mundra terminal on 22 January.
India wants to renegotiate the long-term contract price of LNG it buys from Qatar, according to Oil Minister Dharmendra Pradhan. Currently, India imports 8.5 million tonnes of LNG annually under long-term supply deals with Qatar.
Despite the fact that certain ports in India have experienced lack of low-sulphur compliant fuel oil, India’s oil industry in general is estimated to grow during 2020. According to Wood Mackenzie, due to the increased demand of India’s oil products by about 220 kb/d, India will face a beneficial year.
Following the official implementation of the 2020 sulphur cap, Standard Club received reports that certain ports in India have experienced lack of low-sulphur compliant fuel oil, which may halt ship operations on east coast of India.
H-Energy Global, Indian natural gas company, signed a Port Service Agreement (PSA) with Kakinada Seaports Limited (KSPL), for the development of an LNG regasification and reloading terminal at Kakinada Port on India’s East Coast.
Novatek, Russian gas producer, signed a Memorandum of Understandings (MoUs) with Indian natural gas companies Petronet LNG and H-Energy Global. The deal set the sale of LNG from Russia to India. Both agreements were signed under the auspices of the Eastern Economic Forum in Vladivostok, Russia, and coincided with the visit of Indian Prime Minister Narendra Modi to Russia for summit talks with Russian President Vladimir Putin.
IHI Corporation, a Japanese engineer, received an order for an EPC of two above-ground tanks for LNG receiving terminal in India jointly with a major construction company in India, Afcons Infrastructure Ltd. The LNG-receiving terminal will have a storage capacity of 200,000 cubic metres per unit, which is the largest capacity in India, and completion is planned for 2022.
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