[ad_1]
A sustained heat wave over India since mid-spring has created a surge in natural gas-fired power generation, pushing LNG imports in May to the highest level in almost four years.
Liquified natural gas imports to India reached 2.46 million metric tons (mmt) in May, according to Kpler, as India’s gas inventories fell and buyers rushed to secure the super-chilled fuel.
Lower global spot prices in May combined with high temperatures just as India’s government triggered policies to mitigate power outages across the country, Institute for Energy Economics and Financial Analysis Analyst Purva Jain told NGI.
[ad_2]
Source link
