ClimateET Techabout 3 hours ago
India, China LNG Demand to Rebound as Prices Ease
1 min read
LNG demand in India and China is expected to recover once Middle East supply disruptions ease and prices fall. The US-Iran conflict has cut off supplies through the Strait of Hormuz, sending Asian spot prices near $30 per MMBtu from around $10. Industries are switching to cheaper fuels like coal and oil. New LNG production capacity over the next few years is expected to normalize prices.
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