Indian LNG demand has questions to answer
Despite predictions of explosive growth, price-sensitive buying behaviour and infrastructure challenges cast a pall over the outlook
The large LNG SPA renewal between state-owned QatarEnergy and Petronet turned heads at India Energy Week in early February. The Indian importer agreed to buy 7.5mt/yr from Qatar until 2050, renewing earlier deals that had started in 2004 and 2008. QatarEnergy followed up the deal a few weeks later by announcing it would build an additional 16mt/yr of capacity on top of the 50mt/yr North Field East and North Field South expansions already underway. Petronet’s CEO said in February that he expected LNG demand in India to rise to 150mt/yr by 2030, a sevenfold increase. With approximately 200mt/yr of new LNG export capacity under construction globally and another 220mt/yr in serious development,
Also in this section
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
