Tuesday, 22 February 2011

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LNG market dynamics set to change?

  • Tuesday, 22 February 2011
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  • NEW DELHI: The RIL-BP deal is expected to stir the domestic market for gas imported in ships, or LNG (liquefied natural gas) and the business of selling gas as automotive and piped kitchen fuels.
    The two companies have said they intend to pump $10 billion or so in gas trading and marketing infrastructure. The statement gives rise to a number of possibilities, most likely being LNG imports.
    Sources in RIL had always maintained that "natural gas in the east and LNG in the west" as the company's long-term view. To that extent, there is enough spare capacity available in the existing import terminals in the west coast that the company can utilize through tolling. The upcoming Kochi terminal and a proposal for another one at Ennore will provide additional capacities. RIL has ambitions of expanding into the market for gas as automotive and piped kitchen fuels. Reliance Gas Transport Infrastructure, a company promoted by Ambani, has in place a major east-west pipeline and plans more such infrastructure.
    (Source: http://timesofindia.indiatimes.com/business/india-business/LNG-market-dynamics-set-to-change/articleshow/7544353.cms)

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