Now that the spot price has risen, it raises the possibility that Indian utilities will scale back purchases as LNG will no longer be competitive in the domestic market. — Reuters
ASIA’s imports of liquefied natural gas (LNG) are displaying contrasting dynamics in May, with strength in usually price-sensitive buyers like India, but a softer trend in the developed economies such as Japan and South Korea.
The top-importing continent is on track to receive about 23.61 million tonnes of the super-chilled fuel this month, according to data compiled by commodity analysts Kpler.
