Bloomberg News

Two Spot LNG Cargoes Arrive at Petronet’s Terminal in West India

May 29, 2012

Petronet LNG Ltd. (PLNG), India’s biggest importer of liquefied natural gas, received two spot shipments of the fuel from Africa this week, vessel-tracking data show.

The company, which operates an LNG terminal at Dahej on India’s west coast, received about 60,000 metric tons of the fuel from Egypt today, according to vessel fixtures listed in EXIM India, a shipping newsletter. The LNG Pioneer was last tracked near Dahej after leaving Egypt earlier this month, vessel-transmissions captured by IHS Inc. (IHS:US) on Bloomberg show.

Petronet’s terminal also received about 62,000 tons of LNG from Nigeria this week, according to EXIM. The Methane Rita Andrea was last tracked off India’s west coast after leaving Bonny in Nigeria in early May, the IHS data show.

LNG is created by cooling gas to about minus 260 degrees Fahrenheit (minus 162 degrees Celsius), shrinking it to about a 600th of the original volume, according to the U.S. Department of Energy.

To contact the reporter on this story: Pratish Narayanan in Mumbai at pnarayanan9@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net


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