IndianOil expects Qatargas cargo in July

Vol 22, PW 18 (27 Jun 19) News in Brief

IndianOil is preparing to import its 11th spot LNG cargo this year and its fourth from Qatar, India's largest supplier.

Expect a 4,681,742 mmbtu (185,783 cubic metre) cargo at DAHEJ in the second half of July aboard Bahamas-flagged Q-flex LNG tanker Al Ghariya from Ras Laffan. Qatargas will supply the Rs295.22cr ($43m) cargo from Ras Laffan Liquefied Natural Gas Company-III, consisting of Trains 6 and 7.

Over the past three years, IOC has imported 55 spot cargoes worth Rs10,990cr ($1.5bn). This year it has imported 10 cargoes - eight at DAHEJ and two at Ennore including commissioning cargo Golar Snow which arrived February 26, 2019.

Of these 10 cargoes, three were from Qatar, two from Abu Dhabi, two from Angola, one from Cheniere Energy's Corpus Christi facility in Texas, one from Malaysia and one from Nigeria. Besides two cargoes sourced directly from Qatargas, IOC sourced three through SITME, two through ADNOC LNG with Vitol and one each through Gunvor, Glencore and Petronas.

Also expected at DAHEJ are tankers Ghasha from Abu Dhabi on June 28, OUGARTA from France on July 1 and Soyo from Angola on July 6. At HAZIRA, tanker Cubal is expected from Angola on July 2.