India Bets on Cheaper LNG

India is in no hurry to sign long-term LNG delivery deals as the country’s price-sensitive buyers stall talks and wait for the coming supply glut to pressure sellers into agreeing to lower prices. Some LNG buyers in India, which is much more price-sensitive than China, have been stalling negotiations for over a year, sources with knowledge of the matter tell Bloomberg. India has a goal to boost the share of natural gas in its energy mix to about 15% by 2030, which would be nearly double the current gas share in energy consumption. The goal…