India Bets on Cheaper LNG
Market Intelligence Analysis
AI-PoweredIndia is delaying long-term LNG delivery deals, waiting for a supply glut to drive down prices, in line with its goal to increase natural gas share in its energy mix to 15% by 2030.
Market impact analysis based on bearish sentiment with 80% confidence.
Article Context
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…
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