Hazira terminal receives LNG cargo

Vol 10, PW 10 (07 Sep 06) News in Brief
     

Shell and Total have taken delivery of their eighth LNG cargo at the Hazira terminal in Gujarat.

LNG carrier Hyundai Aquapia began discharging its cargo of 130,000 cubic metres from Australias North West Shelf at the Hazira terminal at 1900 hours on 4th September. Its believed the ex-ship price of the cargo is around $9 per mmbtu and will be sold to principle customers Gujarat State Petroleum, Essar Steel and the Kawas power plant of NTPC, which is linked directly to the Gujarat gas grid.

Winter supplies have begun, reveals a source. Prices will inevitably rise.

This is the fifth LNG cargo to land at Hazira since the terminal resumed operations in April after a temporary shutdown and the eighth since commissioning. Another cargo, also from Australias North West Shelf, where Shell is one of six partners, is expected on 21st or 22nd September.

Shell holds 74% equity in the Hazira terminal and is reported to be talking to GAIL about selling a small stake. Total holds 26%.