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Shell receiving 3rd LNG cargo in India this month

source: author:time:2008-08-19
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Royal Dutch Shell plc may receive its third liquefied natural gas cargo at its import terminal in India this month, according to AISLive ship-tracking data compiled by Bloomberg.

LNG Borno, a 149,600 cubic-metre capacity tanker, may reach Hazira terminal on Aug 25 and was last reported at Nigeria's Bonny LNG terminal on June 7, according to the data. Shell received at least two cargoes earlier this month from the Atlantic Ocean basin. Indian power producers and manufacturers are turning to imported gas because output from aging fields has failed to keep pace with demand growth. Rising crude prices have increased the price of naphtha and fuel oil, forcing power plants and industries to burn gas. India may have paid as much as US$20 per million BTU for a spot cargo this month, Arrow Energy CEO Nick Davies said on July 29.

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