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Project Insights

Indian LNG renegotiations spook US exporters

The renegotiation of India’s LNG contracts is causing anxiety for US exporters, but they may have no cause for concern The renegotiation of India’s LNG contracts is causing anxiety for US exporters, but they may have no cause for concern.
By Garima Chitkara 31 October 2016 Asia Pacific / LNG 0 22597
The Hazira LNG terminal. India may not be a significant market for US LNG. (Hazira LNG and port)

The recent spate of LNG contract renegotiations by Indian buyers is causing some concern for some suppliers in the United States.

Representatives from Dominion Resources, the owner of the Cove Point liquefaction plant in Maryland, visited India earlier this month and held meetings with officials from Gail and various government ministries.

According to a source familiar with the discussions and the contract with Gail, Dominion wanted to develop a sense of the size and nature of the Indian market, even though the contract it has signed with...