Brief: Petronet scouting for new LNG terminal in eastern India

Fertilisers And Chemicals Travancore

09/11/2017 05:24

Nov 9 (Reuters) - India's Petronet LNG  PLNG.NS  
    * Executive says Kochi terminal operated at 16 percent 
capacity in 
September quarter 
    * Executive says Fertiliser And Chemicals Travancore Ltd  
may halt 
LNG purchase from Kochi terminal on cheaper ammonia price 
    * Executive says hopes to operate Kochi terminal at about 35 
percent capacity by end-2018 
    * Executive says in current scenario long-term LNG prices 
cheaper 
than spot 
    * Executive says hopes to get Australian LNG under reworked 
deal 
from January 
    * Executive says under new deal Australian LNG will be 
cheaper by 
$1 per mmbtu compared to the previous one 
    * Executive says global LNG suppliers are willing to ease 
destination-clause restrictions under term deals 
    * Executive says sees minimal scope for importing spot LNG 
cargoes 
    * Executive says looking at buying stake in IOC's Ennore LNG 
terminal 
    * Executive says scouting for location in eastern India to 
build a 
new LNG terminal 
    * Executive says seeking at least 25 percent stake in IOC's 
Ennore 
LNG terminal 
 
Further company coverage:  PLNG.NS  
 
 (Reporting by Nidhi Verma) 
 ((krishna.das@thomsonreuters.com;))