India, one of the world’s largest LNG importers, has unveiled a $30 billion plan to triple its clean power generation capacity by 2030 that would rely heavily on solar and wind to help reach a net-zero emissions target by 2070.  

For now, the country continues to eschew gas in favor of coal and renewables. Record high gas prices have kept it on the sidelines.   

“Overall, India’s price-sensitive power sector has a very limited role for liquefied natural gas,” Rystad Energy LNG analyst Kaushal Ramesh told NGI.  “The power sector has focused on maximizing coal, and utilizing their ample renewables potential as the most cost effective means of electricity generation.” 

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