Reach us: 7304553123 / mktg@projectstoday.com
Help
1. Boolean Searches :

i. AND - Shows results where both terms on either side of the 'AND' operator are present. 'AND' must be in upper case. For example search term - delhi AND metro result - It will return records in which 'delhi' as well as 'metro' both are present.

ii. OR - Shows results where either term (or both terms) is present. 'OR' must be in upper case. For example search term - delhi OR metro result - It will return records in which either 'delhi' or 'metro' or both are present

2. Proximity Searches

A proximity search looks for terms that are within a specific distance from one another. For example, search term - 'delhi metro'~10 result - It will search for records where 'delhi' and 'metro' are found within 10 words of each other

3. Phrase searches

You can search phrases using double quotes. for e.g. 'delhi metro' result - It will return records where 'delhi metro' phrase is found.

Petronet LNG set to cancel 10 year LNG import tender

Friday, 24 Jul 2020
Share this on :
Petronet LNG is set to cancel its offer to buy an annual one million tonne of liquefied natural gas (LNG) for 10 years as signing long-term contracts are not attractive in the current scenario.

India is scouting for cheap gas for price-sensitive consumers as Prime Minister Narendra Modi wants to raise the share of natural gas in the national energy mix to 15 percent by 2030 from the current 6.2 percent to reduce pollution.

Earlier in 2020, Petronet LNG invited bids to buy LNG with pricing linked to Henry Hub natural gas futures in the United States and Dutch TTF gas futures and shipped on a delivered ex-ship basis.

The company was close to finalising the deal with prices near to spot markets. It is renegotiating pricing under long-term deals with Qatargas after spot prices declined.

Petronet has deals to annually buy 7.5 million tonne of LNG from Qatar.

GAIL and Italy's ENI were the only two companies that qualified for Petronet LNG's long term LNG tender. In June 2020, 13 companies had submitted bid for the tender.

New Password
Confirm Password