Economic TimesLean R·
Natural gas imports rise despite price surge
New Delhi: India's natural gas imports continued to grow despite a sharp rise in prices this fiscal year. Demand got a boost from a subsidised fertiliser sector, growing CNG vehicle sales, limited supply of alternative fuels such as LPG and falling domestic gas production.However, a recent surge in spot liquefied natural gas (LNG) prices to $25 per mmbtu may partly dent demand or push consumers towards alternative fuels, said industry executives. With Gulf gas supplies disrupted due to the Iran…
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