Petronet LNG Ltd., India’s biggest buyer of liquefied natural gas, restored full capacity at its expanded western India terminal, allowing the company to resume bringing in cargoes of the fuel.
The LNG importer lifted a force majeure that was imposed on five LNG cargoes, Amitava Sengupta, finance and commercial director based in New Delhi, said by telephone today.
“There was a problem with coordination in the pumps at the terminal,” Sengupta said. “Full capacity at the terminal was restored a few days ago.”
The first of the five cargoes has started coming in, he said, without providing details.
Petronet declared force majeure on one short-term and three long-term shipments from Qatar’s Ras Laffan Liquefied Natural Gas Co. and on one spot cargo after problems with pumps at the expanded portion of the terminal, Managing Director Prosad Dasgupta said April 22.
“Those cargoes were only deferred and not canceled,” Sengupta said today.
The company completed doubling the capacity of its Dahej LNG terminal to 10 million metric tons a year on March 9, Sengupta said March 23.
Petronet shares climbed 1.1 percent to 71.50 rupees at 10:40 a.m. in Mumbai trading. The stock has gained 81 percent this year compared with 54 percent for the benchmark Sensitive Index.
The LNG importer lifted a force majeure that was imposed on five LNG cargoes, Amitava Sengupta, finance and commercial director based in New Delhi, said by telephone today.
“There was a problem with coordination in the pumps at the terminal,” Sengupta said. “Full capacity at the terminal was restored a few days ago.”
The first of the five cargoes has started coming in, he said, without providing details.
Petronet declared force majeure on one short-term and three long-term shipments from Qatar’s Ras Laffan Liquefied Natural Gas Co. and on one spot cargo after problems with pumps at the expanded portion of the terminal, Managing Director Prosad Dasgupta said April 22.
“Those cargoes were only deferred and not canceled,” Sengupta said today.
The company completed doubling the capacity of its Dahej LNG terminal to 10 million metric tons a year on March 9, Sengupta said March 23.
Petronet shares climbed 1.1 percent to 71.50 rupees at 10:40 a.m. in Mumbai trading. The stock has gained 81 percent this year compared with 54 percent for the benchmark Sensitive Index.