Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : LNG -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (100)	2/29/2004 12:26:39 PM
From: Dennis Roth	Respond to of 919

India To Invest Heavily on LNG Plant in Iran iranian.ws Feb 28, 2004, 17:24 Iran economy news - India has offered to invest over one billion dollars in building a plant to liquefy natural gas in Iran so as to cut the cost of the liquefied natural gas (LNG) from Iran to almost the same levels as that of subsidized natural gas in India. According to the Statesman, a New Delhi-based English daily, the offer to build the liquefaction plant was made by the state-owned gas firm Gas Authority of India (GAIL), the leader of the consortium of public sector oil companies to import of five million tons per annum of LNG from Iran, at a meeting in Tehran earlier this month, IRNA reported. GAIL is trying to hammer down the gas price, including the liquefaction cost, to just over two dollars per million British Thermal Unit (BTU) so that the delivered cost of the regasified LNG in India is around three dollars per million BTU. Sources said the consortium is getting Iran around to fix the gas price through a mix of fixed and variable cost. While two third of the gas price may be static or fixed throughout the tenure of LNG imports, the remaining one-third may be linked to Brent crude oil. During the negotiations for fixing the price of LNG, Iran was quoting a price little less than dlrs 2.5 per million BTU on the pretext that liquefaction costs were very high. "Cost of producing Iranian gas is very cheap and with Indian companies bearing the cost of liquefaction, LNG (natural gas liquefied at minus 160 degree Celsius and shipped in special tankers) from the Persian Gulf to India will be real cheap," sources said. © Iranian.ws

To: Dennis Roth who wrote (100)	12/4/2004 8:07:45 AM
From: Dennis Roth	Respond to of 919

Royal Dutch/Shell to import LNG by first quarter of 2005 : (india) teamindia.net New Delhi, Dec 3 : Royal Dutch/Shell today said it will begin importing liquefied natural gas (LNG) at its Hazira terminal in Gujarat by first quarter of 2005 and is looking at sourcing the fuel from Malaysia, Australia, Brunei, Oman or Nigeria, company India head Vikram S Mehta said today. However, there is an uncertainty on how Shell will ship the fuel as Shipping Ministry has stipulated that LNG should be transported only in Indian flagged vessels while the Anglo- Dutch firm plans to use its own LNG tankers or charter foreign vessels. "We will source LNG from multiple places. We have equity in LNG projects in Malaysia, Australia, Brunei, Oman and Nigeria and we will source LNG for India from them," he told reporters on the sidelines of an oil and gas conference here. Mehta said Shell's 2.5 million tonnes per annum LNG receipt and regasification facility at Hazira was nearing completion and the company would be doing commissioning tests in December and January. He, however, differed from Shipping Ministry order asking Shell to charter LNG tankers that at least 26 per cent owned by Indian firms, saying "this LNG shipping policy is not final. We are expecting to see changes. We will use our own LNG tankers or charter vessels on high seas for transporting LNG to India." Shipping Ministry had asked Shell to offer domestic shippers at least 26 per cent in the transportation of LNG to its Hazira LNG import and regasification project. PTI