India’s LNG imports set for 7%-8% boost in 2024 on hopes of softer prices

India’s LNG imports in 2024 are expected to get a boost if prices stay pressured, with year-on-year inflows likely to grow up to 7%-8%, driven by higher demand in the power, industrial and transportation sectors while infrastructure spending also strengthens in a year due for national elections. “India’s LNG imports will continue to increase, with an expected 8% year-on-year growth… India’s LNG imports in 2024 are expected to get a boost if prices stay pressured, with year-on-year inflows likely to grow up to 7%-8%, driven by higher demand in the power, industrial and transportation sectors while infrastructure spending also strengthens in a year due for national elections. “India’s LNG imports will continue to increase, with an expected 8% year-on-year growth… Read More