Home Gallery
Oil Drops Friday But Up On The Week | Oil Markets Remain Volatile | Ithaca Energy CEO Passes Away | Oil Set for Fourth Weekly Gain | Oil Clears Early Losses as Dollar and Expirations Impact Trading | Chevron CEO Warns of High Energy Prices | Oil Surged Higher Wednesday | TRC Makes It a Little Harder for Wells to Flare Gas | Oil Up as API Report Shows Inventory Slump | Oil Steady In Wake of Hurricane Nicholas | World Must Wait for Extra Oil | Storms Set to Worsen Global Ship Snarls | Texas May Face Another Hurricane Soon | Tesla Loving Norway Picks Pro Oil Labor | Oil Finishes on a Six Week High | Venezuela Heavy Oil Project Reserves Will be Left Stranded | OPEC Sees Stronger Crude Demand | USA Rig Count Almost Doubles | Oil Jumps as USA Supply Limps Back | Expert Gives Hurricane Affected Asset Warning Advertise with us
 
LNG Worldwide
Members Login
User name    
Password  
Forgot Password?  | 
 
Latest issue of The LNG Markets
---------------------------------------
Highlights of Issue :

A global rebound from Covid-19 combined with extraordinary demand for winter LNG cargoes, lowest EU gas storage level in five years and gas supply trouble in the US- first due to hurricane Ida and now hurricane Nicholas has pushed natural gas and LNG prices to its record high level.
Early in September, Hurricane Ida disrupted sizable feed gas supply in the US and now on Sep 14 hurricane Nicholas knocked out Freeport LNG liquefaction facility on the Texas Gulf Coast.

Kamlesh Trivedi

Editor
kamlesh@lngworldwide.com

 

Trade Overview
Steep rise in winter prices feared by Asian European importers
 
  News

Indian Oil to form joint venture with Petronas of Malaysia for LNG terminal

State-run oil refiner Indian Oil Corporation (IOC) announced last week that it is expanding its joint venture (JV) with Malaysia’s state-run Petronas to focus LNG plants. IOCL said that it is expanding its joint venture with Petronas to include building LNG terminals, fuel retailing, as well as gas distribution, according to S.M. Vaidya, Chairman, Indian Oil.
The refiner imports some LPG through Indian Oil Petronas Private Limited – its equal joint venture with the Malaysian firm. Indian Oil seeks to partner with global companies as it shifts focus to cleaner energy areas such as hydrogen.
The integrated oil company is investing Rs 1 lakh crore to raise its refining capacity by 25 million tonnes a year in the next two-five years, and maximise yields of chemical products.
India is the world’s fourth-largest LNG importer and seeks to raise the share of natural gas in its energy mix to 15 per cent by 2030, from the current 6.2 per cent to reduce emissions.


 
Copyrights © 2020 LNG World wide. All Rights Reserved
Home | Sitemap | Contact Us