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Standalone offshore gas fields in India: Promoters in negotiations for CNG evacuaction
Jul 25: Standalone offshore gas projects in India will become much more profitable if they do not have to build an expensive evacuation pipeline to an onland facility.
8It is learned that more than one promoter of such assets are now in discussion for converting their proposed offshore gas output from discovered fields into CNG for onward transportation in specialized CNG vessels to committed offtakers on the Indian coast.
8The CNG vessel transportation owner is planning to come in as equity partners in such E&P ventures
8Deals are expected to be announced in the second half of 2018
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