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India To Receive First LNG Cargo From Indonesia’s Tangguh

LNG

India will receive its first cargo from Indonesia's Tangguh LNG plant on Monday, according to a Refinitiv analyst and Refinitiv ship tracking data.

  • "The vessel which had been acting as a floating storage since it lifted the cargo in mid-September is currently on a term charter to BP and is due to arrive at state-owned Petronet's Dahej terminal on 28 Nov", Olumide Ajayi, senior LNG analyst at Refinitiv.
  • The plant usually ships to north Asian customers such as Japan, China and Korea but high inventory level and muted spot demand in the region have weighed on Asia spot LNG prices. India usually receives LNG cargoes from Qatar, Oman and the UAE.
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