Long-term Indian LNG demand may disappoint
The Hazira LNG terminal in Gujarat. (Hazira LNG and port)
India has a massive latent demand for LNG that producers are hoping will help absorb the global glut of the fuel. However, uncertainty surrounding pricing will hurt the country’s uptake of LNG in the long term, an expert has claimed.
Darshan Hiranandani, managing director of Indian gas developer H-Energy, told the CWC World LNG & Gas Series: Asia Pacific Summit in Singapore this week that the uncertain LNG pricing environment and an abundance of domestically produced coal have left Indian buyers fearful of making long-term offtake commitments.