India

India Plans to Triple Clean Power Generation as High Prices Put Natural Gas Out of Reach

India Plans to Triple Clean Power Generation as High Prices Put Natural Gas Out of Reach

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…

January 3, 2023
South Asia Buyers Again Sidelined by High LNG Spot Prices

South Asia Buyers Again Sidelined by High LNG Spot Prices

High liquefied natural gas (LNG) spot prices have again pushed India, Pakistan, and Bangladesh out of the market.  As Russia’s war in Ukraine continues, and the Kremlin has limited exports, European countries have rushed to replace Russian pipeline gas with LNG imports, creating a competitive and expensive global spot market that’s made some small and…

July 7, 2022
Europe and Asia LNG Prices Surge on Freeport Outage, Nord Stream 1’s Reduced Flows

Europe and Asia LNG Prices Surge on Freeport Outage, Nord Stream 1’s Reduced Flows

News that the outage at Freeport LNG in the US will last longer than initially expected drove up the ICIS European TTF gas benchmark due to lower expected US exports. The ICIS East Asia Index (EAX) also climbed, underscoring its close ties to Europe’s prices.

June 17, 2022
TTF Sees Weekly Gain on Russian Flow Cut, as Asian Market Drops

TTF Sees Weekly Gain on Russian Flow Cut, as Asian Market Drops

European TTF prices opened down on Thursday morning after a strong start to the week triggered by news that Russia would stop pipeline gas exports to Poland and Bulgaria.

April 29, 2022
Sanctioned Russia Looks to Secure More Supply Deals With Natural Gas-Hungry India

Sanctioned Russia Looks to Secure More Supply Deals With Natural Gas-Hungry India

Despite Western sanctions against Russia, the country may become closer energy partners  with India after the two governments recently discussed the potential for further oil and gas deals. Russian Deputy Prime Minister Alexander Novak and India’s Minister of Petroleum and Natural Gas Hardeep Singh Puri talked last week about current and potential joint energy collaborations…

March 17, 2022

U.S. LNG Cargoes Delivered in June to India Hit Record — The Offtake

A roundup of news and commentary from NGI’s LNG Insight A record nine U.S. LNG cargoes were delivered to India last month, according to Kpler. That’s up from the previous record of seven U.S. arrivals last November. India has returned to the spot market as a sharp spike in Covid-19 cases has eased. Through the…

July 8, 2021
Supply Issues, Strong Demand Push Natural Gas Prices Higher in Asia, Europe — LNG Recap

Supply Issues, Strong Demand Push Natural Gas Prices Higher in Asia, Europe — LNG Recap

European and Asian natural gas prices are recovering from last week’s losses as supply concerns and strong buying have spurred gains so far this week.  In Europe on Tuesday near-curve prices closed higher for both the Title Transfer Facility and National Balancing Point contracts through August.   Russian gas giant Gazprom PJSC reportedly did not take…

May 25, 2021
Covid-19 Cases Surge in India, Cutting Into Spot LNG Demand

Covid-19 Cases Surge in India, Cutting Into Spot LNG Demand

A prolific surge in Covid-19 cases in India is cutting into spot liquefied natural gas (LNG) demand as some vessels have avoided the country since last month.  Seven LNG tankers that were headed to India have been diverted to other destinations since mid-April, said Kpler analyst Charles Costerousse, who added that the market research firm…

May 7, 2021
LNG Import Terminals in India, Europe to Add Capacity as Demand Grows

LNG Import Terminals in India, Europe to Add Capacity as Demand Grows

Belgian midstreamer Fluxys said Monday that it has made a positive final investment decision to nearly double the regasification capacity at its Zeebrugge liquefied natural gas (LNG) import terminal after a successful open season.  The company said the full 6 million metric tons/year (mmty) of additional regasification capacity at the facility in Belgium was fully…

February 16, 2021

The Offtake: LNG in Brief

A roundup of news and commentary from NGI’s LNG Insight China’s LNG imports from the United States surged to 340,000 tons in May, according to Bloomberg. That’s up from 211,000 tons in April, when exports left the United States for China for the first time in more than a year after trade tensions ease.  Wood…

June 30, 2020
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