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Global LNG supply glut to benefit India with lower prices: ICRA

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Global LNG supply glut to benefit India with lower prices: ICRA

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Natural Gas News

Summary

Globally, approximately 193mn tonnes of LNG production and liquefaction capacity are slated to be added over the next four years, ICRA said. by: Shardul Sharma

The global LNG market is heading toward a supply glut, which is expected to keep LNG prices in check and benefit India, ICRA said in a report published on August 28. After two years of volatility in natural gas supplies and pricing in 2022 and 2023, the global LNG market is now poised for significant oversuppl...

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