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India’s imports of crude oil have stalled in recent months, but the malaise in the country’s energy sector is deeper, with both coal and liquefied natural gas (LNG) also soft.
Construction delays and cost blowouts could hit the next wave of liquefied natural gas (LNG) projects as there are a limited number of contractors able to handle the huge projects, three developers said.
PetroChina, Asia’s largest oil and gas producer, reported a sharp fall in third-quarter profit, dragged down by weaker global energy prices and slowing growth in its domestic gas market.
Egypt exported 172.8 billion cubic feet (cu ft) of liquefied natural gas (LNG) in 45 shipments from its Idku plant in the 2018-2019 financial year, state-owned company EGAS said in its annual report.