LNG Prices Above $20/mmBtu to Hurt Demand: GAIL Chairman

The chairman of India's state-owned gas utility company GAIL has warned that liquefied natural gas (LNG) prices above $20 per million British thermal units (mmBtu) will hurt demand. This development is expected to impact the already stressed energy market in India.

GAIL Chairman, who was speaking on a separate occasion, noted that high LNG prices would lead to reduced consumption and lower overall demand for gas. He emphasized the need for stable and affordable fuel prices to ensure economic growth.