Indian LNG demand has questions to answer
Despite predictions of explosive growth, price-sensitive buying behaviour and infrastructure challenges cast a pall over the outlook
The large LNG SPA renewal between state-owned QatarEnergy and Petronet turned heads at India Energy Week in early February. The Indian importer agreed to buy 7.5mt/yr from Qatar until 2050, renewing earlier deals that had started in 2004 and 2008. QatarEnergy followed up the deal a few weeks later by announcing it would build an additional 16mt/yr of capacity on top of the 50mt/yr North Field East and North Field South expansions already underway. Petronet’s CEO said in February that he expected LNG demand in India to rise to 150mt/yr by 2030, a sevenfold increase. With approximately 200mt/yr of new LNG export capacity under construction globally and another 220mt/yr in serious development,
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
