Higher prices may weigh on India’s LNG imports

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.