Doha-based liquefied natural gas (LNG) firm Qatargas has supplied a commissioning LNG cargo for Ennore, India’s newest LNG receiving terminal located near the city of Chennai.
The LNG cargo was delivered onboard the 160,000 cbm tanker Golar Snow on February 25, 2019.
The cargo was sent to the state-owned Indian Oil Corporation Limited (IOCL), which owns and operates the five million tonnes per annum (MTPA) terminal, by the Swiss commodity trader, Gunvor. Qatargas sold the cargo on a Free On Board (FOB) basis to Gunvor.
Ennore will be India’s fifth operational LNG terminal and the first LNG terminal on the East Coast of India. Once fully commissioned, Ennore will provide regasified LNG to anchor customers.
In addition to the Ennore Terminal, terminals located at Mundra and Jaigarh are also due to be commissioned in the near future as well as a host of other gas related infrastructure projects. These additional terminals will increase India’s capacity to import LNG from 30 MTPA to 44 MTPA – a 46 percent increase as India continues to make strides in achieving its ambitious target of 15 percent gas in the energy mix.
Qatar has established a strong partnership with India since July 1999 when Qatargas started supplying LNG to Petronet. Since then it has delivered over 1,500 cargoes under its various long term sales and purchase agreements as well as supplying significant volumes into the short term/ spot market.