Bulletin Updates
LNG cargoes dry up in Indian terminals: Gas shortage feared in India – 14 Jan 2021
Jan 14, 2021
Jan 14: Shell's Hazira LNG terminal has suddenly gone dry.
Only one vessel, booked by ArcelorMittal for its steel mill is currently unloading its cargo. There is to be a list of about five or six cargoes lined up, all of them are gone now, as per our data
GAIL is bringing in its long term cargoes
All spot cargoes because of extremely high prices have dried up, leaving a big question mark over how India is going to cope with its gas demand ahead. More than 50% of India's gas demand is catered to by LNG.
A shortage is likely as a whole lot of buyers were dependent on spot cargoes.
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