Australias LNG Ltd signs 20 yr deal to supply gas to India
The Dollar Business Bureau Australian public listed company Liquefied Natural Gas Ltd (LNG Ltd) has signed a deal for potentially supplying gas to India from its proposed Magnolia LNG Project in the US for 20 years. LNG Ltd entered into a Heads of Agreement (HOA) with Vessel Gasification Solutions, Inc (VGS) for supplying 4 million tonnes of LNG a year from its project in Lake Charles, Louisiana, for 20 years, LNG said in a statement. “The non-binding HOA provides for a 20-year Free-on-Board (FOB) Sale and Purchase Agreement (SPA) of up to 4 million metric tonnes per annum of liquefied natural gas,” it said. VGS Group is an Indian-American company, which is setting up an LNG floating import and regasification unit on the ...
Indian mills sign sugar export agreement
Indian sugar mills want to reach at least 3.2 million tonnes in terms of exporting but will be at 2 million tonnesin the current period The Dollar Business Bureau Indian sugar mills are concentrating on the export of white sugar to Myanmar due to a strong demand. Fueled bya recent hike in global prices of sugar, Indian sugar mills based out of Maharashtra have inked high volume export deals this week, the first in nearly two months. The deals are seen as a major shot in the arm for Indias beleaguered sugar exports sector that has of late, witnessed a not so promising performance vis a vis other world players. What is worth noting is that export prices for sugar in world markets are ...
