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Aug 16, 2024 - 23:39
By asia.nikkei.com

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.

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