India Faces Higher LNG Prices as Demand Remains Firm

New Delhi [India], August 31 (ANI): India's Liquefied Natural Gas (LNG) demand remains firm despite high spot prices, but rising gas costs could squeeze margins for downstream players; the country may see higher LNG prices from September.

According to a report by Equirus, India's LNG imports accounted for 59% of total gas consumption in July 2026, the highest share since July 2021. The share has also risen by 15 percentage points from 44% in April 2026.

Equirus noted that 'India remains highly exposed to elevated spot LNG prices.' Globally, LNG exports outside the Middle East are expected to rise by around 40 mt year-on-year in 2026, driven by new and ramping-up projects, particularly in the US.