.. India’s Top Lng Importer Mulls Increasing Term Offtake As Spot Demand Vanishes
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28 Sep 2021


  • 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......

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