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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.
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Free AccessIndia Looking for LNG to Help Cover Cooling Power Demand
India is looking for more LNG imports as a heat wave pushes power demand to record levels.
- GAIL and Petronet LNG this week released tenders to buy LNG for May and June delivery according to Bloomberg with some gas expected to go to power generation.
- Peak demand hit an all-time high earlier this week due to increased air conditioning load. Power generation in India is primarily from coal with only a small portion from gas but the increase gas supplies will help ensure electricity supply security.
- The government asked electricity producer NTPC to increase gas-fired power generation to meet peak demand during April and May.
To read the full story
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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.