Sharp drop in May spot LNG imports

Vol 20, PW 18 (01 Jun 17) News in Brief

Spot LNG imports to India fell sharply in May compared to April as many fertiliser factories have shut down for maintenance over the summer and have stopped taking gas.

Exclusive data compiled by PETROWATCH says 1,841,190 cubic metres of LNG arrived at Dahej and Hazira from May 1 to May 31 spread across 12 cargoes. This is 423,315 cubic metres less than the 2,264,505 cubic metres of spot LNG which came to India in April spread across 15 spot cargoes.

"All six Dahej tanks are overflowing (because of the low R-LNG send-out)," says a source. Still, Dahej accounted for the bulk of imports in May at 1,412,625 cubic metres across nine cargoes.

Hazira took in just 428,565 cubic metres across three cargoes: two brought in by Reliance from Nigeria through SITME and one landed by Essar, sourced from RasGas through Total Gas and Power. The Essar cargo, which came in on May 23, is its third spot import in as many months.

Essar is believed to be scouting for good spot deals for June, July and August delivery.

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