Home / Industry / News / No immediate impact of US decision to pause LNG export permits: Officials

No immediate impact of US decision to pause LNG export permits: Officials

Officials however said major LNG routes into India do not cross the main maritime area affe ted Houthi strikes in and around the Red Sea and Gulf of Aden

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Subhayan Chakraborty New Delhi

4 min read Last Updated : Jan 30 2024 | 7:14 PM IST

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India will not be immediately affected by the United States’ decision to freeze permits for the export of liquefied natural gas (LNG) to countries with which it doesn't have a free-trade agreement (FTA), officials said.

While India imports the largest chunk of LNG from Qatar, the US is the third-largest source of the fuel.

Officials at the Petroleum and Natural Gas Ministry said the move is not expected to affect spot volumes, which have already been bought.

“There will be no direct impact in the short-to-medium term for India, in terms of supply,” an official said.

However, the move may raise LNG spot prices

Topics : US LNG India imports LNG import

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