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Rising LNG Consumption in India as Prices Ease
2023-12-08
As LNG prices witness a decline, India foresees a surge in consumption and imports, having imported 2,337 MMSCM during a recent period?an increase compared to the corresponding period the previous year. This development aligns with the country's strategic approach to leverage more liquefied natural gas to meet its energy needs.
The easing prices contribute to the feasibility of enhanced LNG utilisation, reflecting a positive trend in the energy landscape. As India embraces a growing role in the global LNG market, increased consumption is poised to play a pivotal role in shaping the nation's energy mix and addressing its rising energy demands.
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