China, India could see annual imports rise by 10%
SINGAPORE – Price-sensitive liquefied natural gas buyers from China, India and parts of Southeast Asia are snapping up more spot shipments of the fuel to power industries and generate electricity after prices have fallen to the lowest level in nearly three years.
"We've seen some buy tenders coming in more frequently given lower Asian LNG prices, especially from price-sensitive buyers like India, Vietnam and China," said Ryhana Rasidi, LNG analyst at data analytics firm Kpler. "For this year, we believe that the increasing spot demand will contribute to raising overall Asian LNG demand."Global gas markets have more supply after weaker-than-expected demand due to a mild winter and high stockpiles in the US, Europe and Japan.
India's LNG imports could rise by about 2 million to 3 million tons this year to 24 million to 25 million tons, analysts said, with the increase by Asia's fourth-biggest buyer driven mostly by spot purchases.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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