LNG shipments shift to India, Southeast Asia as European demand sags
TOKYO -- More exports of liquefied natural gas are heading to India and Southeast Asia as soaring temperatures and a push toward decarbonization stoke demand for cheaper, lower-emissions fuel.
LNG trade flows to India and the rest of South Asia increased 9% on the year to 33.27 million tonnes in 2023, data from LSEG shows. The figure is on pace to grow in 2024 as well, with the January-July tally coming to 23.06 million tonnes.