India is an attractive market for Liquefied Natural Gas (LNG) spot trade though its power generating sector will continue to rely significantly on coal, energy industry executives said here today.
“The LNG market is getting shorter, more liquid and transparent that suits market like India as there are going to be more LNG available on the spot (trade), said Martin Houston, vice chairman of the Texas-based LNG company Tellurian Inc.
“With the increasing number of terminals along the coasts and pipeline connection, I see great amount of LNG being sold to India (in the coming years), he told a press conference at the Singapore International Energy Week which opened today.
But India will also have to maintain some long-term LNG supply contracts for stability, added Keisuke Sadamori, director at the Directorate of Energy Markets and Security in the International Energy Agency. Read More…
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