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High LNG prices will kill demand in India
Sep 21: India's LNG in imports have gone up by 9% in August
8But the price paid for it has gone up 80% for the month.
8Clearly, high prevailing LNG prices and the devaluation of the rupee have come as a double whammy
8Then again, projections are that the price of LNG is going spurt up by another $1.5/mmbtu
8In a price sensitive market such as India, what such prices will eventually do is stymie growth
8At these high prices, with the Rupee slated to depreciate further, it looks unlikely that offtake projections for 2018-19 will be fulfilled
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