RasGas drives record LNG imports into India

Vol 19, PW 19 (02 Jun 16) Midstream & Downstream

Summer in India is hot and demand for R-LNG to fire power stations even hotter.

April saw the highest inflow of LNG at the Dahej, Hazira, Dabhol and Kochi terminals this year. Exclusive data compiled by Petrowatch.com shows a record 3,418,329 cubic metres of spot and term LNG arrived between April 1 and 30, 2016.

Compare that to 3,331,407 cubic metres in March; 3,059,890 in February; and 2,766,248 in January. By May 28, the inflow slowed with just 3,254,483 cubic metres recorded.

Most April supplies landed at Dahej, which accounted for 2,106,066 cubic metres. Of this RasGas supplied 81.5% mostly in the form of long term LNG including both its 7.5m t/y long-term contract with Petronet-LNG and an additional 1m t/y contract signed in December 2015.

Australia accounted for 3.9% of April supplies to Dahej with long-term cargoes delivered under BG's contract with GSPC signed in 2013. Other Dahej suppliers in April were Equatorial Guinea and Nigeria LNG (3.8% each); Atlantic LNG and Oman LNG (3.5% each).

By comparison import volumes were much less at the Hazira LNG terminal operated by Shell and Total, which saw just 731,692 cubic metres land in April, but still higher than the 453,062 cubic metres in March. RasGas was the main supplier again, accounting for 31.8% of cargoes, mainly for Reliance and GSPC.