max.ku/Shutterstock Save for later Print Download Share LinkedIn Twitter India has been struggling with last year’s record-high spot LNG prices, making the fuel unaffordable for its buyers and forcing the government to intervene with domestic price caps. The country sank from being the world’s fourth-largest LNG importer in 2021 to the seventh largest in 2022. But Rajesh Kumar Mediratta, the chief executive of the Indian Gas Exchange (IGX), the country’s premier gas trading platform, tells Energy Intelligence that gas demand will return as long as spot LNG prices remain under $15 per million Btu.
