GSPC lands smallest Stream LNG cargo

Vol 14, PW 10 (04 Nov 10) Midstream & Downstream

GSPC has brought in its sixth and smallest short-term LNG cargo sourced from Stream, a 50:50 joint venture between Spanish companies Repsol and Gas Natural.

PETROWATCH learns LNG tanker Castillo De Villalba anchored at Petronet-LNG’s Dahej LNG terminal on the morning of October 28 with a 70,453-cubic metre (30,478-tonne) LNG cargo. This cargo was sourced from Stream’s Point Fortin liquefaction facility in Trinidad & Tobago under a nine-cargo deal.

It is also the fourth LNG cargo that GSPC has brought into the country in the last two months. On September 11, GSPC landed a 143,974-cubic metre cargo at Shell’s Hazira LNG terminal aboard LNG tanker Methane Lydon Volney, sourced from BG’s Punta Europa liquefaction facility in Equatorial Guinea.

Then on September 27 it landed a 135,095-cubic metre short-term cargo at Dahej aboard LNG tanker Iberica Knutsen, sourced from Stream. And on October 5, GSPC brought in a 143,730-cubic metre spot cargo at Hazira aboard LNG tanker Methane Rita Andrea from Nigeria LNG’s liquefaction facility at Bonny Island in Nigeria.

Dahej and Hazira have been abuzz with activity for the last two months as GAIL and BG also brought in three spot LNG cargoes, while Shell brought in two spot cargoes and Total and Petronet-LNG brought in one spot cargo each. But observers expect the rate of spot LNG imports to India to slow temporarily over November and December.

“GSPC could bring in the final three Stream LNG cargoes in the last weeks of November, December and January,” we hear. “Petronet-LNG may also bring in two spot cargoes in November and December.

But no other spot cargoes are expected.”

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