UAEs ENOC seeks four LNG cargoes for India: sources
Emirates National Oil Company (ENOC) has announced a tender to buy four cargoes of liquified natural gas (LNG) for delivery to India from April to July, two trade sources said on Tuesday.
Emirates National Oil Company (ENOC) has announced a tender to buy four cargoes of liquified natural gas (LNG) for delivery to India from April to July, two trade sources said on Tuesday.
ENOC has no reported equity or term contracts with LNG terminals in India but has previously purchased cargoes for India.
Watch this Zee Business video here:
LNG prices in India, which are usually below northeast Asian prices, are at a smaller discount this year due to lower-than-expected demand in northeast Asia, one LNG trader said. The tender closes on March 7.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.