Global oil majors see surge in Indian demand for natural gas
NEW DELHI : Global oil and gas majors are looking to India, the world’s third biggest oil importer, to buy some of their excess liquefied natural gas (LNG) as the South Asian nation improves its gas infrastructure and strives to reduce emissions.
Spot LNG prices have more than halved since last year due to oversupply as producers battle for market share.
The Indian market looks set to grow, however.
