India, China LNG demand may rebound after West Asia war ends
- India and China’s LNG demand is expected to rebound once the West Asia conflict ends and prices ease.
- LNG prices in Asia have surged to nearly $30/MMBtu from around $10 before the war.
- Disruptions through the Strait of Hormuz have hit LNG exports from Qatar and the UAE, tightening supplies.
- GAIL and PetroChina are seeking alternative LNG supplies, while executives expect demand to recover as prices fall.
Source: firstpost.com
Get 100 stories a day on the app
Read, watch & listen · Free on iOS & Android
