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LNG price may stay at below $4/mmbtu till 2030-II: The onus falls on India but is it prepared? – 6 Apr 2016
Apr 06, 2016
With slowing demand across the three major LNG markets, the onus falls on India to make up for the shortfall.
But that is unlikely to happen. There is skepticism globally about India's ability to absorb a large quantity of LNG due to slowing demand and bad infrastructure
There is no doubt that India could be the largest growing market for LNG. India imported 19 bcm of LNG in 2014, but the government forecast that demand will triple by 2020 has been found to be too optimistic.
Data shows that natural gas use has not picked up speed in the past four years.
For reference purposes, the website carries here details of around 60 MMTPA of fresh capacity that is coming up.
While there is no doubt India’s LNG imports will grow, it is unlikely to be sufficient for all LNG gasification projects to go ahead.
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