.. India’s Top Lng Importer Mulls Increasing Term Offtake As Spot Demand Vanishes
Request you to kindly drop in all your mails/queries to support@infraline.com or call us at
+91-120-6799125 (D); +91-120-6799100 (B)

infra-search

User Name

Password

Forgot Password?


Set as Default

Database

28 Sep 2021

Summary

  • India’s appetite for spot LNG cargoes has evaporated as prices set new seasonal highs this September, prompting end-users to switch to alternative fuels, AK Singh, chief executive of Petronet LNG, told S&P Global Platts on Sept. 22 on the sidelines of the Gastech 2021 conference.

  • “Last year, almost 50% of our imports were sourced from spot purchases [but] this 50% spot volume has literally vanished at these high LNG prices,” Singh said, when asked about the dramatic surge in Asia’s spot LNG prices to over $28/MMBtu, a new record for September assessments.

  • The S&P Global Platts JKM price for November delivery was assessed at $27.266/M......

Registered user use 'Login Manager' (Download) or 'Login Button' on upper right corner as the case may be (Explain?)  
 
Email Id/Login Name :