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Mar 21, 2024 · The price-led demand revival could push LNG imports by the world's top buyer China beyond its record volume of 78.8 million metric tons in 2021 and also raise India's imports by about 10% this year, analysts said, tightening global supplies and ultimately lifting prices.
- contactus@etenergyworld.com
Mar 21, 2024 · A substantial decline in LNG prices has led to a surge in buying from Asia where demand remains strong. ... set back in 2021, and boost India’s intake of liquefied natural gas by 10% this year ...
Dec 28, 2023 · India currently has about 25 GW of gas-based power capacity installed. This translates to about 30 million-35 million mt/year of LNG demand, an LNG industry source based in Singapore said. A few gas-based power units ran on domestic gas because of high LNG prices in recent years. That should change in 2024 because of the LNG price weakness, he ...
Jun 4, 2023 · India’s liquefied natural gas imports are picking up after years of weak demand, as companies such as Total and Adani bet heavily on a turnround in a market that has so far defied lofty ...
- Benjamin Parkin
Aug 20, 2021 · India's LNG import terminal capacity stands at 42.5 million mt/year, according to the oil and gas ministry. India is targeting 70 million mt/year import capacity by 2030 and 100 million mt/year by 2040, and raising the share of natural gas in the overall energy basket to 15% by 2030, from the current level of 6.3%.
Dec 8, 2020 · "And with the expected start-up of H-Energy's Jaigarh terminal in March 2021 and pipeline developments in the south, India's import capabilities will get a significant boost in 2021." This resilient demand is happening while upstream production growth is facing hurdles, owing to relatively low ceiling prices set by the country's Petroleum Planning and Analysis Cell, or PPAC.
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May 30, 2023 · Asian spot LNG prices averaged $34 per million British thermal units last year, more than double the annual average in 2021, creating uncertainties for India’s highly price-sensitive LNG sector.
