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Different contract types can ease LNG price volatility: Shell Asia’s Shah
The different types of contracts that are now available can help mitigate Liquefied Natural Gas (LNG) price volatility. This can be an approach for assuring consumers that runaway LNG prices, as were seen in January 2021, do not hamper prospects for wider adoption of natural gas.
Speaking to Business Standard, Ajay Shah, vice president – Shell Energy Asia said, “These days you have spot, short-term, long-term, and optional contracts. There are contracts that last for one cargo and also those that last for hundreds of cargos. Not only that, we have indexations which are emerging all the time.”
The different types of contracts that are now available can help mitigate Liquefied Natural Gas (LNG) price volatility. This can be an approach for assuring consumers that runaway LNG prices, as were seen in January 2021, do not hamper prospects for wider adoption of natural gas. Speaking to Business Standard, Ajay Shah, vice president - Shell Energy Asia said, “These days you have spot, short-term, long-term, and optional contracts. There are contracts that last for one cargo and also those that last for hundreds of cargos. Not only that, we have indexations which are emerging all the time.” This is an evolution from earlier times when there were simpler contracts for gas supplies from point A to B, with fixed volumes and prices linked to crude oil.
India s ONGC to Form Unit for Gas Biz
Feb 15, 2021 3:32:am
Summary
by: Shardul Sharma
Posted in:
India s ONGC to Form Unit for Gas Biz
Indian state-run oil and gas explorer ONGC will form a subsidiary to focus on gas and LNG business, it said in a February 13 statement.
“Board has approved the creation of a new wholly-owned subsidiary company for focusing on gas and LNG business value chain subject to necessary approvals,” it said. The company is being formed with the objective of sourcing, marketing and trading of natural gas, LNG business, hydrogen-enriched CNG (HCNG), gas to power business, bioenergy/bio-gas/bio methane/other bio fuels business, etc.”
February 15, 2021
Positive consumer price index data, index of industrial production will boost market sentiment: Analysts
Nifty50 index is likely to open with a gap of 80 points gains on Monday, as trends emerge on SGX Nifty. The SGX Nifty is ruling at 15,240 against Nifty50 February futures’ Friday close of 15,161.
Positive consumer price index data and index of industrial production will also boost market sentiment, said analysts. The IIP is also giving broad indications of a rebound in economic activity with the reading for December 20 at 1 per cent against negative 2.10 per cent for November 20. What is significant is the pick-up in both consumer durables and non-durables as also infra goods.