LNG

India’s LNG price triple that of domestic gas

India has boosted its domestic gas prices in its latest revision, but they still pale in comparison to the rising cost of LNG India has boosted its domestic gas prices in its latest revision, but they still pale in comparison to the rising cost of LNG.
By Andrew Walker 25 October 2018 0 33041
India’s domestic gas price

India has used its latest price revision to boost the price for domestic gas by 10% for the period between October 2018 and March 2019. Nevertheless, the domestic gas price remains far below the price of imported LNG, which averaged $9.78/MMBtu in August. This was the highest price since December 2015, when prices hit $10.20/MMBtu.

India’s average LNG price

The formula for determining the domestic gas price uses a mixture of international benchmarks and has been...