Significant demand-supply gap seen opening in middle of current decade; China and India led LNG demand growth in 2020
The company is India's largest LNG importer and is aiming for more long-term deals in the next 10 to 15 years, says it CEO
India's efforts to build a gas based economy is set to get a boost from the falling spot LNG prices
Spot LNG in Asia is highly sensitive to marginal demand in Japan, Korea and China, where heating load has gone up significantly. Emergency buying by Japanese power firms is driving prices up
Gas demand is expected to rise from 148 million standard cubic meters per day in 2018-19 to 250 mmscmd by FY25, Elara Securities said in a report
The country's annual LNG imports is expected to rise by 10%-15% this year, said Poorna Rajendran of consultancy firm FGE
India has in the past used its status as Asia's third-largest LNG buyer to renegotiate deals with Qatar, Australia, and Russia.
Prospects across segments stay positive
Trump said the United States looked forward to exporting more energy