.. India's Lng Demand Resurgence Contingent On Low Prices, Resisting Covid-19
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20 Aug 2021

Summary

  • India's LNG demand could rebound to pre-COVID-19 levels by early 2022 as its economy recovers, provided spot LNG prices soften and the country is able to repel any subsequent waves of COVID-19 infections, according to officials from the oil and gas ministry, and gas company executives.

  • The South Asian country has emerged as a key participant in the LNG market place and despite being price sensitive, it has set the floor for spot LNG prices by picking up cargoes every time prices begin to drop.

  • Due to their price sensitivity, the positioning of Indian importers in the spot market is a key indicator of the price direction, and recent t......

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