Final yr, a various group of Chinese language power corporations secured a file 23 long-term contracts LNG provide contracts with a median length of 15 years. The USA, Russia and Qatar accounted for three-quarters of the 27 million tonnes of gasoline a yr contracted by Beijing to cowl unstable costs and allow assured provides, the Washington-based Center East Institute stated. Volumes exceed India’s whole LNG import purchases for 2021. Regardless of coming into the market later than India LNG membership, China turned the world’s largest LNG importer final yr, overthrowing Japan, aided by sensible buying, intensive transportation infrastructure and better accessibility.
Black swans in international markets puncture India’s long-term LNG story
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