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LNG Tankers May be Converted to Floating Storage in India

LNG Tankers May be Converted to Floating Storage in India
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LNG tankers may be converted to floating storage in India

The units, with a capacity of 138,000 cubic meters each, are currently being leased by Petronet LNG Ltd. to import the super-chilled fuel from Qatar.

Petronet Is Seeking More LNG Deals to Feed India s Gas Shift

Petronet Is Seeking More LNG Deals to Feed India s Gas Shift
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

India grapples with LNG glut as consumers balk at high gas rates

By Stephen Stapczynski India is suddenly facing a glut of liquefied natural gas as the nation’s customers don’t want to pay for high prices and are rushing to alternatives. Storage tanks at the Dahej and Hazira LNG import terminals in India are near maximum capacity, which means scheduled deliveries may need to be delayed, according to traders with knowledge of the matter.

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