‘COMMODITIES | Mon Mar, 2017 40pm
India looks for 'right prices' to boost
LNG, crude imports from U.S.
1] Scan: US plans to test THAAD
missile defenses a5 NKorea tensions
mount
D._ Tramp ana Putin nd cms, draw
citcsm in fist meting
J 3 Septocion a2 morestorestocut
costs
A, Felice gain upper nandatter
Hamburg’s day of G20 «ashes
15 Merhandshakes and concert, 620
seeks afc consensus‘By MariannaParraga | HOUSTON
India might increase imports of liquefied natural gas (LNG) from the United States at
‘the right price, the ol minister sald an Monday, even though some buyersin the South
Asian country ate trying to get rid of costy US. supplies.
India's state-run company GAIL Ltd signed a swap deal with trader Gunvor to sll some
af its US. LNG asthe firm tries to cut costs for price-sensitive customers after a sharp
{all n Asian spot prices made its US. gas unattractive, according to sources.
CCAIL has contracted for most ofthe capacity from one of Sabine Pass liquefaction
trains in the US. Gulf Coast, with deliveries exected to start in late 2017
But Indian Olt Minster Dharmendra Pradhan said supplies of LNG and even crude from
the US. might increasingly flow to India atthe right prices.
"At the kind of reasonable pice we are finding in America, we might have some more
investment in America," he said duting a press conference at CERAWeek in Houston,
CAIL in 201 signed a 20-year sales agreement with Sabine Pass Liquefaction LLC, a
unit of Cheniere Energy In, for the supply of 3.5 milion tonnes per year.
Under the recent agreement between GAL and
Gurwor, the trading frm wil supply 15 cargoes oF
Doltprices drop 3 percent on about 200,000 tonnes of LNG for Inaia's west coast
Fising global supplies from Apri through December, while GAIL wil el.
‘about 600,000 tonnes in 2018 from Sabine Pass ata
premium tots pricing formula,
ALSOIN COMMODITIES
‘OPEC delegates encouraged by
Russian comments on adjusting
ateataeat Praahan said India's current booking capacity for LNG
'saround 6 mill tonnes per year. ts current crude
imports are around 4.5 milion barrels per day (bpd).
(Reporting by Marianna Parraga; Editing by Lisa Shumaker)
DING STORIES
Exclusive: US. plans to test THAAD
missile defenses as NKorea tensions
mount
D Trumpand Putin chemistry, draw
criticism in frst meeting
13 Sexstocione 42 morestorestocut
costs
Police gain upper hand after
ICHUREESe's day of G20 clashes
After handshakes and concert, G20,
seeks dieu! consensusNEXT IN COMMODITIES
Renewed slide in eit
price wil test US. shale
profits: Kemp =
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Exclusive: US. plans to test THAAD
missile defenses as NKorea tensions
mount
“Trump and Putin find chemistry, draw
citcsm in fist meting
Sears to close 43 more stores to cut
costs
A, Felice gain upper nandatter
Hamburg’s day o G20 clashes
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Sears to close 43 more stores to cut
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Hamburg’s day of G20 clashes
‘After handshakes and concer, G20
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