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Latest issue of The LNG Markets
Middle East and South Asia players could be game changer in the short run
Highlights of Issue :
The strong buying interest from Jordan, Pakistan and Egypt, rekindled interest in spot markets. Most of the front month offers are expected to move up by at least 10cts to 20cts for all the buyers.
Trade Overview
Middle East Markets Trade Summery
South American Markets Monthly Trade Summery
South Asia/India Monthly Trade Summery
Northeast Asia Monthly Trade Summery

RIL BP JV shuts down KG basin gas operation

Indian major RIL and its joint venture partner BP have shutdown Krishna Godavari (KG) Basin deep water offshore field, following sustained fall in gas production. Gas production had reached to an abysmally low level of around 1.5 mcmd for the past couple of months. Oil production from MA fields of KG basin was stopped late in 2018 by RIL. The British major BP had acquired 30% stake in KG basin field. Oil and gas production from the KG fields peacked in 2010 but following that it started sliding down due to water and sand ingress in gas production wells in D1, D3 and D6 fields. The BP RIL JV confirmed shutdown of D1, D3 fields late on Monday. BP-RIL JV is also developing three R Cluster, Satellite cluster and MJ fields. Natural gas production from these fields were expected to begin sometime middle of 2020.  

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