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CNG deal to India falls through
Jun 07:
A deal by a global start-up for bringing in CNG into India in newly developed CNG carriers has run into trouble
8A total of 1.5 MMTPA (LNG equivalent) CNG was sought to be delivered in the west coast of India at prices which were "very cost competitive" with current delivered cargoes.
8New built CNG ships whose storage system will be made up of closed packed high strength steel pipes, in which CNG will stored at near ambient temperatures, avoiding complicated cooling and liquid-push systems that are now available in normal CNG ships, were meant to deliver the cargoes.
8India was the target country for these cargoes
8According to sources, the buyers are now showing a lot of apprehensions about the deal
Click on Details and on Reports for more
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8A total of 1.5 MMTPA (LNG equivalent) CNG was sought to be delivered in the west coast of India at prices which were "very cost competitive" with current delivered cargoes.
8New built CNG ships whose storage system will be made up of closed packed high strength steel pipes, in which CNG will stored at near ambient temperatures, avoiding complicated cooling and liquid-push systems that are now available in normal CNG ships, were meant to deliver the cargoes.
8India was the target country for these cargoes
8According to sources, the buyers are now showing a lot of apprehensions about the deal
Click on Details and on Reports for more
