Petronas looks to the Indian market, while the EIA raises the alarm on LNG prices in 2017

Petronas looks to the Indian market, while the EIA raises the alarm on LNG prices in 2017

Emilio Fabio Torsello
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In Bahrain a new unit to receive Liquefied Natural Gas will come into operation in two years' time. The plant will be built in the industrial area of Hiss, on the island of Muharraq and will be run by the LNG company WLL

The Liquefied Natural Gas market registers new potential agreements -  spotlight on possible deals between Petronas and the Indian government. The energy group has announced it is studying strategies to enter the New Delhi LNG market. "India has always been an important country for Petronas as we see great potential to grow further with our partners and customers. With decades of experience as an integrated end-to-end LNG player and currently the third-largest producer of LNG in the world, Petronas boasts a sterling reputation of being a reliable supplier among its LNG customers," said President and Group Chief Executive Officer, Datuk Wan Zulkiflee Wan Ariffin.
And still in the international gas market, Bahrain has announced that it is studying a new hub for LNG for domestic use. The plant will be built in the industrial area of ​​Hiss, on the island of Muharraq and will be run by the LNG company WLL. According to plans, the new terminal is expected to become operational in 2019. The unit will have an offshore component, a port for offloading deliveries, a pipeline connection and an onshore hub.While the gas market is still not affected by difficulties in other commodities such as oil, the EIA has made it known that gas prices will rise in 2017, from the current $2.50/million British thermal units to $3.12/MMBtu in the next year. A fact that could revive coal consumption. In the US alone - the EIA concludes - the energy produced from coal will increase by one percentage point as early as next year.