Stay updated with breaking news from Andre Lambine. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
India natural gas-based power generation has surged in May due to intense heat wave conditions significantly boosting the demand for more LNG cargoes for pro
Get latest articles and stories on Business at LatestLY. As of May 29, Indian gas-based power generation reached 4,646.53 million kilowatt-hour (kWhr) for the month, a substantial increase from 2,631 million kWhr a year earlier, according to data from the Central Electricity Authority (CEA). Business News | India Heat Wave Drives Up Gas-based Power Generation and LNG Demand.
This week we kick off with Chinese energy and commodity trends: in power generation, renewable share has grown at the expense of thermal, while steel markets are looking for signs of improving demand. Plus, a look at the pattern of US energy costs and recessions, and California low-carbon power generation. 1. China’s use of thermal ...
Strong Asian LNG demand soaks up India cargo diversions amid COVID-19 crisis Strong Asian LNG demand for summer and tight supply amid maintenance and outages at multiple terminals have helped the market absorb the spot LNG cargoes rejected by India due to its COVID-19 related lockdowns, according to traders and market participants. This has muted the market impact of the diversions and enabled Indian gas importers and their suppliers to find alternate destinations for contracted LNG volumes without any force majeure notices being issued or triggering any major disputes, they said. In contrast...
Singapore — Asia's LNG demand has been dampened by the worsening pandemic in India, that is expected to curb gas and power demand, with spot cargoes already impacted, and the declaration of emergency in Japan, where imports are already hovering near year-ago levels. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now While the adverse impact of India and Japan on the LNG market will be offset by stronger growth in other regions like China, and spot Asian LNG prices remain supported at more than $8/MMBtu, downside risks ...