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Free AccessIndian LNG Demand To Rise As Spot Prices Match Term Prices
LNG demand in India is expected to rise as spot prices are similar to LNG prices under long-term contracts, Petronet CEO, Akshay Kumar Singh, said.
- Spot and term LNG prices are around $11-$12/MMBtu, affordable for price-sensitive consumers in India, Singh said.
- If the winter in Europe will not be too harsh, prices are likely to stay stable which could support Indian LNG demand, he added.
- Petronet’s 17.5mn t/yr LNG import terminal in Dahej is operating at 95% capacity compared with 85% in Q1, underlining increased demand for LNG, he said.
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.