Supply & Demand

India – flexible LNG will be key to growth

While new players and smaller markets are taking advantage of more flexible LNG, so too is India. One of the world’s leading importers, it is on the verge of a major LNG expansion While new players and smaller markets are taking advantage of more flexible LNG, so too is India. One of the world’s leading importers, it is on the verge of a major LNG expansion.
By Catriona Scott 27 November 2017 0 28513
Kochi LNG terminal, India Kochi LNG terminal. LNG imports rose dramatically in 2016 after declines in 2015. (Wikicommons)

Global LNG demand is expected to grow in the next few years, spurred in part by increasing consumption in small markets serviced by flexible supplies. However, it is not just new importers that are hoping to take advantage of flexible LNG options. 

India has been importing LNG since 2004 and has new terminals, including FSRUs, planned to start up over the next few years. India is already the world’s fourth largest LNG importer and its import volumes will rise as its new capacity comes online. Although...