LNG Deal

The deal with the Indian state-owned firm was announced on the sidelines of India Energy Week, and amounts to six LNG cargoes per year destined for mostly industrial customers

Asia is on track to import 23.18 million metric tons of LNG in June, down a touch from May's 23.55 million

Other oil majors Shell, BP and Total Energies are also expected to invest, the report said

TotalEnergies, which owns 5.54% of Oman LNG, will be supplied by the company for 10 years from 2025, they said in separate statements

Australia's largest LNG exporter said production from its Bass Strait project in Victoria and Pyrenees and Pluto LNG projects in Western Australia fell in the first quarter

The conclusion of this accord is generally seen as a significant coup for China, which managed to beat other EU countries - like Germany - in the race to secure natural gas

Qatar Energy will send Sinopec 4 million tons of LNG a year starting in 2026, the state-controlled companies announced in a virtual ceremony on Monday

Petronet had in February sought bids from suppliers for 1 million tones of LNG per year for 10 years, starting 2024

Under the deal, India is to get a share in natural gas from the proposed Driftwood project in Louisiana

From 37.5 mtpa, India to expand its capacity to 74 mtpa in a decade

Based on industry estimates, this LNG could cost upwards of $5 per million metric British thermal unit (mmBtu).

Natural gas currently accounts for about 8% of India's overall energy mix