India eyes Brunei LNG supplies

India

This was revealed on Wednesday by India’s Prime Minister Narendra Modi during a banquet hosted by the Sultan of Brunei.

According to a statement by the government of India, this is the first bilateral visit by an Indian Prime Minister to Brunei.

Modi said the two countries are committed to strengthening their cooperation in economic, scientific, and strategic sectors.

„Under the energy sector, we discussed the potential for long-term cooperation in LNG,“ he said.

Modi did not provide further information regarding the LNG cooperation.

Brunei has the 6.7 mtpa Brunei LNG export plant in Lumut, one of the world’s oldest LNG export facilities.

Shell and Mitsubishi have each a 25 percent share in the facility, while the Brunei government holds 50 percent.

This facility mostly ships LNG to Japan.

On the other hand, India currently imports LNG via seven facilities with a combined capacity of about 47.7 million tonnes.

These include Petronet LNG’s Dahej and Kochi terminals, Shell’s Hazira terminal, and the Dabhol LNG, Ennore LNG, Mundra LNG, and Dhamra LNG terminal.

The Chhara LNG import terminal in Gujarat should also receive its commissioning cargo later this year.

During April-July, India took some 11.42 bcm of LNG, or about 8.5 million metric tonnes, up by 13.1 percent compared to the same period last year, according to the preliminary data from the oil ministry’s Petroleum Planning and Analysis Cell.

Source: Lngprime.com

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About Stu Turley 3977 Articles
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.

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