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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.
LNG
India struggling with high global LNG prices and limited supplies which could disrupt India's regasification capacity plans.
- India's LNG imports to average 81mcm/d in 2022, down 12% from 2021. H2 2022 imports are forecast to drop 7mcm/d from the previous year to 82mcm/d according to S&P Global data.
- Existing regas levels are running low and the introduction of some of the planned additions are slow according to S&P Global Commodity Insights.
- They expect only 10m mt/y of regas capacity to come online in 2022 compared to a previous estimate of 17m mt/year.
- There is commissioning risk because “In the absence of term contracts, they will be forced to import LNG from the spot market but won't be able to pass on such high prices to price-sensitive downstream consumers," according to S&P Global.
- Three of the six existing terminals are estimated to be operating at only between 12-20% of capacity. Total capacity of the six terminals is 42.7m mt/yr with a reported target of 75m mt/yr by 2030.
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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