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China and India likely to boost LNG demand
Reports have anticipated that the demand for liquefied natural gas (LNG) in China and India will return to normal levels after previously declining due to supply disruptions in the Middle East and regional conflicts. These issues led to a reduction in gas shipments from Qatar and the UAE by up to 36 million tons since the beginning of the year. Companies have warned that rising prices, which have reached around $30 per million British thermal units in Asia, are affecting demand, especially in India. It is expected that the electricity and industrial sectors there will increasingly turn to gas as a cleaner alternative. Experts predict that the market may become oversaturated in the coming years with new supplies, but the current crisis has already led to a drop in demand and prices, bringing them close to their pre-crisis levels once the situation is resolved.
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