India

Norway’s Equinor ASA has agreed to supply one of India’s largest chemical manufacturers using its growing portfolio of Norwegian and U.S. LNG under a new long-term sales and purchase agreement (SPA). Deepak Fertilisers and Petrochemicals Corp. Ltd. has secured 0.65 million metric tons/year (mmty) of liquefied natural gas for 15 years from Equinor that it…

U.S.-based Nebula Energy LLC has invested $300 million for a majority stake in AG&P Terminals & Logistics Pte Ltd., aka AG&P LNG. The investment firm is expanding its business in the liquefied natural gas and carbon capture and storage sectors with its investment in AG&P, with plans to fast-track infrastructure development across emerging markets in…

Global natural gas demand is set to rise by 2.5% or 100 billion cubic meters (Bcm) in 2024 versus 2023, likely accompanied by increased price volatility, according to the International Energy Agency (IEA). This compares to a demand increase of 0.5% recorded in 2023, the global energy watchdog said in its latest quarterly Gas Market…

Asian spot LNG prices reached a seven month low in January, dropping below $10/MMBtu, bringing cost-sensitive buyers like Bangladesh, India, Pakistan and Thailand back to the spot market. High gas storage levels in Europe have pushed prices there lower and prompted liquefied natural gas sellers to turn their attention to Asia.  Asia-Pacific “demand will continue…

The Indian economy was not immune to the economic slowdown caused by the global pandemic in 2020. As in many countries, lockdowns led to a spike in unemployment and quick drops in most measures of economic activity.

When the Republic of India (ROI) embarked upon economic reform in the early 1990s, one of its highest profile moves was to permit the Dabhol Power Company (DPC), a partnership between Enron Corp., Bechtel Corp. and General Electric Co., to develop a 900 MW power plant on the west coast of India.

After suffering one of the worst April heatwaves on record with temperatures that soared above 100 degrees F, some Asian nations are preparing for an unusually hot summer that could require more LNG to cover power demand, particularly if El Niño develops as expected. India, Bangladesh,Thailand, and Vietnam issued tenders for liquified natural gas cargoes…

Pockets of spot LNG demand continue emerging across Asia, particularly among price-sensitive natural gas buyers, but the market remains loose heading into summer as larger buyers across the region and in Europe remain on the sidelines.  Thailand’s PTT LNG Co. Ltd. bought nine summer cargoes for about $13/MMBtu in a tender that closed last week,…

Global natural gas consumption is expected to rebound this year as easing price volatility and rising economic activity boosts LNG imports from China and South Asia and North America’s power market continues to cut coal-fired capacity, according to the Gas Exporting Countries Forum (GECF). Researchers with the organization headquartered in Qatar in the annual report…