Strong Asian LNG demand soaks up India cargo diversions amid COVID-19 crisis


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Just another SmallNews Site 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…