{"id":416255,"date":"2021-05-21T12:07:42","date_gmt":"2021-05-21T06:37:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=416255"},"modified":"2021-05-21T12:07:42","modified_gmt":"2021-05-21T06:37:42","slug":"indian-gas-importers-cut-spot-market-purchases","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-gas-importers-cut-spot-market-purchases\/","title":{"rendered":"Indian gas importers cut spot market purchases"},"content":{"rendered":"<p>New Delhi: Indian gas importers are sharply cutting spot market purchases, diverting already-purchased liquefied natural gas (LNG) cargoes, and rescheduling even some long-term deliveries as Covid-linked lockdowns hit demand and prices stay high in the spot market.<\/p>\n<p>Domestic gas demand has dropped 7% in April over March while LNG imports have dropped 11%. The demand has shrunk further in May with lockdowns becoming stricter and extending to more states. The city gas segment has been hit the hardest with compressed natural gas (CNG)-driven vehicles staying off the road and small factories shut. With refined fuel demand dropping nearly 10% month-on-month in April, refiners have cut their runs, contributing to a reduction in domestic gas demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: Indian gas importers are sharply cutting spot market purchases, diverting already-purchased liquefied natural gas (LNG) cargoes, and rescheduling even some long-term deliveries as Covid-linked lockdowns hit demand and prices stay high in the spot market. Domestic gas demand has dropped 7% in April over March while LNG imports have dropped 11%. The demand has shrunk further in May with lockdowns becoming stricter and extending to more states. The city gas segment has been hit the hardest with compressed natural gas (CNG)-driven vehicles staying off the road and small factories shut. With refined fuel demand dropping nearly 10% month-on-month [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-416255","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/416255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=416255"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/416255\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=416255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=416255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=416255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}