First time an Indian LNG company prices cargo tender off an India LNG spot price
SINGAPORE, Sept. 29, 2020 /PRNewswire/ — S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, today announced that Petronet LNG Limited has adopted the Platts West India Marker (WIM) for a tender to buy an LNG spot cargo in November. The LNG cargo will be delivered to Petronet’s Dahej or Kochi terminals. This marks the first time an Indian LNG company has concluded a spot cargo tender priced off the Platts WIM.
Petronet LNG is one of the fastest growing companies in the Indian energy sector. It established the country’s first LNG receiving and regasification terminal at Dahej, Gujarat in 2004 with nominal capacity of 17.5 million metric tonnes per annum (MMTPA) and another terminal at Kochi, Kerala having a nominal