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Indian LNG Demand To Rise As Spot Prices Match Term Prices

LNG

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.

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