Tomorrow, the liquefied natural gas (LNG) suppliers, consumers, natural gas transporters, stakeholders in city gas distribution players business, regulators, upstream players and government agencies will come together, in Ahmedabad, to brainstorm over the market conditions after Tsunami hit Japan.
Since March 2011, LNG buyers have been compelled to change their strategies after the domino effect of Japan's earthquake sent shock waves worldwide. In India, leading suppliers and consumers are facing challenges in terms of rising spot LNG prices and reduced availability of long term LNG supply offers.
In India, largest LNG consumer Gujarat is facing challenges since Tsunami resulted in increasing Japan's gas appetite. Gujarat that accounts for one third of Indian gas demand is facing challenges amidst dwindling domestic gas production and rising LNG prices in the international market. The gas prices are all time high in the state and it is trying to find out long term solutions to support local industrial customers besides the city gas distribution companies.
On Thursday, RIM Intelligence Co, a Japan-based company providing research-based information to the stakeholders in oil & gas sector, will host 'LNG Conference 2011'. The one-day conference aims at providing a platform to India LNG industry stakeholders to consider various solutions to the existing challenges.
"LNG suppliers from all over the world devised new plans and pricing strategies to meet the extraordinary LNG demand from leading utility companies in post-earthquake and tsunami hit Japan. Considering the significance of the issues, to be discussed during the conference, a huge participation from the Indian LNG and natural gas industry is expected. The discussion during the first session of conference will revolve around the theme of 'Post Japan Earthquake Scenario and Emerging Dynamics in Global LNG Markets", read the media statement from the organisers. The day-long conference would attempt to address issues, concerning the stakeholders of LNG value chain.
Participants like BG India head of midstream business Subroto Chakraborty, Gujarat government's principal secretary - energy & petrochemicals DJ Pandian, Shell Hazira LNG's Surendra Pal, RIM Intelligence Co vice president NaruhitoYanagi, IFC International MD Nitin Zamre, Ethical Energy CEO Dhiren Desai, and Gujarat State Petroleum Corporation's Ravindra Agrawal will address the stakeholders.
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