Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
LNG
LNG buying interest in India is likely to be supported by the lower prices, increasing operations at the Dhamra LNG terminal and hot weather and despite a rise in domestic natural gas production according to S&P Global.
- India's LNG imports rose to 2.02m mt in April from 1.94m mt in March and from 1.70m mt in April 2022.
- The IEA forecast a 4% year-on-year increase in India's natural gas consumption for 2023 due to a modest recovery in the power sector and growth in industrial activity and city gas sectors. S&P Global expect gas demand to grow by 3.4% on an annual basis out to 2030.
- Platts West India LNG prices below 10.5$/mmbtu and below oil linked prices are also likely to boost demand in India despite high inventory levels and muted demand in other Asian countries.
- The Dhamra LNG terminal received its first cargo in April and is expected to start commercial operations by the end of May and the expansion of the Urja Ganga gas pipeline will also open a new market to support LNG imports.
Source: S&P Global
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok