Council Members in this Study Group: 107
This study group may include experts knowledgeable on commercial banking, retail banking, asset management, mortgages, consumer finance, exchanges, capital markets, transaction processing, credit cards, insurance, and business services.
Leading institutions connect with members of this Study Group through GLG
Partha SrinivasaGlobal Chief Architect
FARMERS INSURANCE GROUP![]()
Partha Srinivasa is a Global Chief Architect at Farmers Insurance Group, an automobile insurer. He is the Head of Shared Services Competency Center. He specializes in software development technologies including leading edge technologies to legacy technologies....
Principal
Flower LNG![]()
Andy Flower is a Principal Consultant at Flower LNG. As an independent consultant, Mr. Flower has advised clients in all parts of the world on issues such as strategy, markets, supply and demand, project structures and development, pricing, LNG shipping,...
President and Chief Executive Officer
InGenuity Group![]()
James Ward is the President and Chief Executive Officer of Ingenuity Group, an independent Commercial Insurance Agency, Employee Benefits, and Risk Management firm. He is a Licensed Insurance Counselor (LIC), General Agent & Broker for Small & Middle...
Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.
Petronet and RasGas Implement Second Phase of their LNG Price Agreement
December 30, 2008
RasGas to revise LNG prices for India every month | www.reuters.com
The monthly revision in the LNG price in Petronet's contract with RasGas from January 2009 was agreed when the pricing arrangemnets were finalised in 2001 and will take place routinely. RasGas agreed to five years of fixed prices ($2.53/MMBtu FOB Qatar) after start-up of deliveries in January 2004 followed by 5 years when the price will move to full oil price indexation. In January 2014, when fully indexed, the price of LNG FOB Qatar will be 12.65% of the oil price as measured by the Japanese Crude Cocktail (JCC). The move to full oil price indexation will be gradual. In January 2009, fifty nine sixtieths of the price will be fixed at $2.53/MMBtu and one sixtieth linked to the average JCC oil price for the previous 12 months. In February it will be fifty-eight sixtieths fixed and two sixtieth oil price linked and so on until January 2014 when it will be entirely oil linked.
January 28, 2009 | London
GLG Seminar: (London) Outlook for LNGNovember 3, 2008 | San Francisco
GLG Seminar: (SF) LNG OutlookDecember 17, 2007 | Hong Kong
GLGi: Outlook for LNGLeading Experts in Property & Casualty Insurance Underwriters have not participated in any GLG webcasts.
View All GLG Webcasts & Teleconferences in Financial & Business Services