Another three spot LNG cargoes arriving

Vol 17, PW 25 (31 Jul 14) News in Brief
     

GSPC and Petronet-LNG are bringing in one cargo each from RasGas to Dahej while Reliance is bringing in a Qatari cargo at Hazira.

GSPC wanted to bring in its cargo at Dahej on July 31 but its slot was cancelled because of overcapacity, so the cargo will now come in early August. GSPC earlier landed a cargo at Dahej on July 7.

Petronet-LNG is bringing in its cargo at Dahej in mid-August under a one-year 800,000 t/y deal signed in March 2014 with RasGas to supply IOC. Reliance’s cargo is also due in mid-August.

For more on LNG cargoes at Dahej, Hazira, Dabhol and Kochi write to info@petrowatch.com for details of our LNG-DIPLA alert service. Our last alert on July 27 reported the arrival of LNG tanker Fraiha with 205,403-cubic metres of LNG from RasGas imported by Reliance at $13/mmbtu to $13.30/mmbtu.

From June 1 to June 30 2014, India imported 1,280,887-cubic metres of spot, medium and short-term LNG at an average delivered ex-ship (DES) price of $13.90/mmbtu.