• 4 minutes China - EU: Xi Says Cooperation Is Mainstream In Their Ties
  • 8 minutes The Mining Industry Has Had It Easy For Far Too Long
  • 11 minutes Lawsuit-Happy Councilor Wants to Take Big Oil to Court
  • 15 minutes U.S. Shale Output may Start Dropping Next Year
  • 9 mins Dutch Populists Shock the EU with Election Victory
  • 15 hours Venezuela Says Russian Troops Land to Service Military Equipment
  • 10 hours Trump to Make Allies Pay More to Host US Bases
  • 5 hours Multi-well Pad Drilling Cost Question
  • 15 hours U.S.-China Trade War Poses Biggest Risk To Global Stability
  • 28 mins Public Companies that attended OPEC "THREAT DINNER" at CERRAWEEK must disclose any risks in their SEC Financial filings.
  • 36 mins England Running Out of Water?
  • 1 min 3 Pipes: EPIC 900K, CACTUS II 670K, GREY OAKS 800K
  • 1 day One Last Warning For The U.S. Shale Patch
  • 20 hours Read: OPEC THREATENED TO KILL US SHALE
  • 2 days Climate change's fingerprints are on U.S. Midwest floods
  • 1 day European Parliament demands Nord-Stream-ii pipeline to be Stopped
  • 2 days The Political Debacle: Brexit delayed

Breaking News:

Algerian Oil Output Unchanged Amid Unrest

Global Energy Advisory February 9th 2018

oil

India has plans in place to increase its LNG import capacity to 70 million tons a year, which means the country will import more LNG than China did last year and bring it closer to the world’s top LNG importer, Japan.

The plans will make India a top destination for LNG importers and could bring prices lower as the world is still oversupplied and production is set for further growth, intensifying competition.

India currently has just four LNG import terminals and will need to build another 11 over the next seven years to boost its import capacity from the current 20 million tons. The LNG plans are part of a strategy aiming to expand the national electricity network and move households away from wood for heating and cooking, replacing it with electricity and also reduce its dependence on coal as a primary energy source.

The 11 import terminals will be just the start, as well. At some point in the future, India will need more than 15 of these to satisfy its demand for the fuel. This should be music to the ears of all large LNG producers, or rather a starting pistol to position themselves for the Indian market.

Deals, Mergers & Acquisitions

• Japan’s Mitsui has struck a deal for the acquisition of Australian oil and gas player AWE for $478 million. The AWE board unanimously recommended the deal. The Japanese company said the acquisition is part of its expansion into quality oil and gas assets. AWE is operator and 50% owner of…




Oilprice - The No. 1 Source for Oil & Energy News