Dutch gas prices hit 10-year lows this week, reflecting high European inventories swelled by liquefied natural gas (LNG) imports, testing levels at which companies that committed to buy U.S. LNG will start making serious losses.Prices for month-ahead Dutch gas have dropped by two-thirds since their peak last September of just under 30 euros per megawatt hour (MWh).
India's state-run natural gas firm GAIL (India) Ltd has hired a liquefied natural gas (LNG) carrier on short-term charter from Japan's shipping giant Mitsui O.S.K. Lines (MOL).MOL, the world’s largest operator of LNG carriers, in its press release, did not disclose further details of the charter deal, including the duration of the contract, the name of the ship and the day rate.
Indian multipurpose port APM Terminals Pipavav has launched a rail connection to its Kanpur Inland Container, giving customers the opportunity to connect more efficiently to the gateway port.The new connection was named the 'Polymer Express' as the first train on the route was carrying 90 TEUs of polymer for Gail, the natural gas transmission company.
India is expected to lead Asia’s oil and gas new-build trunk/pipeline length additions, contributing around 53 percent of Asia’s planned and announced pipeline length additions between 2019 and 2023.According to a report from GlobalData, India is expected to have new-build pipeline length of 23,360.6 km by 2023.