GSPC and GAIL import Egyptian LNG cargoes

Vol 15, PW 11 (01 Dec 11) Midstream & Downstream

GSPC and GAIL have both landed LNG cargoes sourced from the British Gas-promoted Egyptian LNG liquefaction facility at Idku on Egypt’s Mediterranean coast.

PETROWATCH learns GSPC landed a 143,995-cubic metre LNG cargo at Petronet-LNG’s Dahej LNG terminal in Gujarat on November 18, sourced from Egyptian LNG through Russia’s Gazprom. GSPC’s Egyptian LNG cargo arrived aboard 147,608-cubic metre capacity LNG tanker Neva River, on her first trip to India.

Managed by Japan-based K-Line, the 2007 Kawasaki-build LNG tanker was loaded at Idku on November 5 and set sail for Dahej on November 6. GSPC has now imported approximately 1.06m cubic metres of LNG into India in 2011, through eight spot LNG cargoes.

Of these, four cargoes were sourced from Gazprom under a deal signed early this year for 300,000 tonnes of LNG over a two-year period. GSPC sourced the remaining four LNG cargoes from Texas-based LNG trader Excelerate Energy.

In June, GSPC also signed a Memorandum of Understanding (MoU) with Gazprom for 2.5m t/y of long-term LNG over a 20-year period. But, we learn, GSPC has yet to receive any cargoes under this MoU, which must first be converted to a ‘firm agreement.

’ Meanwhile, GAIL landed a 143,970-cubic metre Egyptian LNG cargo at Dahej on November 21, sourced through BG. GAIL’s cargo arrived aboard 145,000-cubic metre capacity LNG tanker Methane Rita Andrea, owned by BG and flying the UK flag, on her second trip to India.

“Rita Andrea usually ferries LNG cargoes between Egypt and the US,” we hear. She was loaded with the GAIL cargo at Idku on November 10.

Rita Andrea’s last visit to India was in October 2010. Separately, Petronet-LNG landed a 135,626-cubic metre LNG cargo at Dahej on November 27, sourced from Nigeria LNG through Spanish company Gas Natural.

The cargo arrived aboard LNG carrier Iberica Knutsen, which was loaded at Bonny Island in Nigeria on November 6.

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