India’s Record LNG Buying Meets Record-High Prices | HappeningNow.news

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India’s Record LNG Buying Meets Record-High Prices

Natalia Katona is a freelance commodity analyst, based in the United Arab Emirates. India has spent years bringing more households and businesses onto its gas networks.

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Natalia Katona is a freelance commodity analyst, based in the United Arab Emirates. India has spent years bringing more households and businesses onto its gas networks. Now, with domestic production declining, supplying those customers means buying more LNG from a market where prices have tripled in a year. Imports are nevertheless heading for a record this October.

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