GAIL revives plan to buy US LNG as Trump ends ban on export permits

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GAIL revives plan to buy US LNG as Trump ends ban on export permits - Business Standard

Quick Summary:

Asia spot LNG prices hit a two-month high last week at close to $15 per million British thermal units, tracking a rally in European gas prices.

Gupta said global LNG prices could soften after 2026 as new projects are expected to come on stream in the US and elsewhere, adding to supply.

India's gas consumption rose by about 12.5 per cent to about 185 mmscmd in fiscal year 2024 from the previous year, according to the oil ministry's Petroleum Planning and Analysis Cell.