IGX has launched another new contract type, Small-Scale Liquefied Natural Gas (ssLNG) , on its platform. Volumes may not be that high in near future, but a good addition, nevertheless. More details here. As the article says, “The introduction of ssLNG contracts on IGX aims to address the growing gas demand from industries and CGD (City Gas Distribution) companies that do not have access to pipeline networks”.
I guess this will make sense only when there is a reasonable differential between LNG prices and crude prices given that cost of transportation of LNG via trucks is likely to be high. Thoughts?
| Subscribe To Our Free Newsletter |
