Petronet to buy 15 more spot LNG lots ‘08-09

Petronet to buy 15 more spot LNG lots ‘08-09
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First Published: Mon, Apr 14 2008. 01 45 PM IST
Updated: Mon, Apr 14 2008. 01 45 PM IST
Reuters
New Delhi: Petronet LNG will buy 15 more spot LNG cargoes this fiscal year as it doubles the capacity of its liquefied natural gas plant to 10 million tonnes from December, according to P Dasgupta, chief executive.
“We will be sourcing an additional 15 cargoes between October and March, as we will be processing 7.5 million tonnes of LNG at Dahej compared with 6.5 million tonnes last year,” he told reporters.
Dasgupta said, however, that domestic pricing of regassified LNG will play a crucial role in its gas sourcing plans.
He said that January onwards, the pricing of gas for their clients would change as new pricing was likely to come into force for their RasGas gas.
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First Published: Mon, Apr 14 2008. 01 45 PM IST
More Topics: Petronet | LNG | P Dasgupta | gas | Money Matters |