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Gas demand in India is price sensitive-I: Imports fall as prices are high
Mar 21: That India is a price sensitive gas market is not in doubt. The figures spell it out
8The cost of imported LNG to India sprung up to $10.74/mmbtu in February, 2019
8This is up from $9.30/mmbtu for the same month last year
8February 2018 imports are down to 2110 mmsc in relation to 2132 mmscm for the same month last year.
8The February price was clearly higher than the average of $8.17/mmbtu recorded for April-February, 2017-18
8Then again, for the same 11-month period in 2016-17, the price was just $6.91/mmbtu
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