Argus Launches Daily Price Assessments for Growing LNG Market in India
Global energy and commodity price reporting agency Argus has launched the world's first daily price assessments for the growing LNG market on the east coast of India, enhancing transparency in a region where imports and downstream gas infrastructure are undergoing rapid development.
The start of operations at the 5mn t/yr Ennore terminal in 2019 and the 5mn t/yr Dhamra terminal in 2023 has increased LNG trade on India's east coast. With both terminals currently operating and with an option for further expansion to accommodate a total LNG import capacity of up to 20 mn t/yr, the east coast of India represents a rapidly emerging market. Downstream gas pipeline infrastructure is already being built which establishes the region as a growth market with increased gas needs.
"India has emerged as a major global LNG demand center," said Argus Media chairman and chief executive Adrian Binks. "We are pleased to have launched our new prices for LNG delivered to the east coast of India in response to valuable feedback from market participants. This initiative addresses the growing requirement for improved pricing transparency across the entire Indian LNG market."
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