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India's LNG Demand Struggles to Cope With High Prices

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India’s LNG demand is expected to fall in 2022 for the second year in a row due to record-high LNG prices hindering spot and term imports. Consumption in the world’s fourth-largest LNG buyer may recover next year only if prices soften and buyers are able to strike new term deals at affordable rates, market observers say. Ratings agency Icra cut its estimates for India’s LNG demand growth to just 1%-3% to about 25 million-27 million tons in the fiscal year started Apr. 1, compared to a previously forecast 15%-17% growth for the period.

Topics:
LNG Demand, LNG Forecasts
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