Reliance is India's No.1 spot LNG importer

Vol 15, PW 13 (12 Jan 12) Midstream & Downstream

Ask most gas sector professionals and they’ll say Petronet-LNG and GAIL are India’s largest spot LNG importers.

But figures compiled by PETROWATCH tell a different story. Reliance has raced ahead to become India’s top spot LNG importer in 2011, landing a staggering 27 spot cargoes over a twelve month period.

This translates to 4,219,342-cubic metres of LNG imported by Reliance last year, almost all of which came in at the Hazira LNG terminal in Gujarat. Of the 27 Reliance cargoes, it sourced 15 cargoes from Qatar Gas while four came in from RasGas.

Shell and Total together sourced five cargoes for Reliance from Nigeria LNG. Reliance also received cargoes from Yemen LNG, Abu Dhabi Gas and Union Fenosa.

Reliance’s hunger for spot imports is expected to grow unabated in 2012, as gas production from D6 continues its inexorable decline. Some suggest Reliance might import as many as 50 spot LNG cargoes at Hazira this year.

Reliance also set a record of sorts by bringing in seven massive Q-Flex LNG cargoes in 2011, each over 200,000-cubic metres and all sourced from Qatar. Petronet-LNG ranks second, importing 27 LNG cargoes in 2011 at its 10m t/y Dahej LNG terminal in Gujarat, or 3,771,739-cubic metres of LNG in total.

Petronet-LNG sourced 11 of these cargoes through Repsol-affiliate Gas Natural, which in turn sourced seven from Nigeria LNG and three from Atlantic LNG. Petronet-LNG also imported six cargoes through RasGas; four through British Gas; three cargoes from Vitol, two from Excelerate; and a single cargo from GDF.

Lagging behind Reliance and Petronet-LNG, GAIL brought in 1,844,443.08-cubic metres of LNG at Dahej in 2011 spread across 13 cargoes. Of these, five were sourced from Japanese trader Marubeni; two each from Gazprom, RasGas and Algeria’s Sonatarch; and one each from BG and GDF.