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India Is Still Waiting for Cheaper LNG
Market Intelligence Analysis
AI-Powered
Why This Matters
India's LNG imports and consumption may increase significantly if prices in Asia drop to $6-$7 per MMBtu, according to Petronet Ltd's CEO. Current prices are around $11 per MMBtu, indicating a need for a substantial price decrease. This could have a positive impact on India's energy market.
Market Impact
Market impact analysis based on bullish sentiment with 80% confidence.
Sentiment
Bullish
AI Confidence
80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
India needs liquefied natural gas prices in Asia to nearly halve in order to significantly raise LNG imports and consumption, the top executive of the biggest Indian LNG importer said on Wednesday. Asia’s spot LNG price is about $11 per million British thermal units (MMBtu) at present, while a major demand boost in India would come at prices between $6 and $7 per MMBtu, Akshay Kumar Singh, chief executive at Petronet Ltd, said at the India Energy Week conference, as carried by Bloomberg. India is expected to import about 29 million tons of…
Original article published by
OilPrice.com
on January 28, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.