{"id":489376,"date":"2022-05-05T10:30:31","date_gmt":"2022-05-05T05:00:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=489376"},"modified":"2022-05-05T12:07:14","modified_gmt":"2022-05-05T06:37:14","slug":"india-turns-to-expensive-foreign-gas-to-ease-its-power-crisis","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/india-turns-to-expensive-foreign-gas-to-ease-its-power-crisis\/","title":{"rendered":"India turns to expensive foreign gas to ease its power crisis"},"content":{"rendered":"<p>Sweltering heat and ongoing blackouts are forcing India\u2019s liquefied natural gas importers to top up with expensive shipments. <\/p>\n<p>Torrent Power Ltd. and GAIL India Ltd. bought LNG for May delivery in the last week, with the fuel set to be used to help power plants boost generation, according to traders with knowledge of the matter. The utilities paid about triple the normal spot rate for this time of year, as Russia\u2019s invasion of Ukraine exacerbates a global supply crunch. <\/p>\n<p>The purchases are unusual for India\u2019s cost-sensitive power generators, which tend to avoid buying LNG at such high rates. They illustrate how a domestic coal shortage is forcing the nation to look for alternative fuels no matter the price, further elevating international demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sweltering heat and ongoing blackouts are forcing India\u2019s liquefied natural gas importers to top up with expensive shipments. Torrent Power Ltd. and GAIL India Ltd. bought LNG for May delivery in the last week, with the fuel set to be used to help power plants boost generation, according to traders with knowledge of the matter. The utilities paid about triple the normal spot rate for this time of year, as Russia\u2019s invasion of Ukraine exacerbates a global supply crunch. The purchases are unusual for India\u2019s cost-sensitive power generators, which tend to avoid buying LNG at such high rates. They illustrate [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-489376","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/489376","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=489376"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/489376\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=489376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=489376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=489376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}