Indian energy importers have reduced the volume of liquefied natural gas they buy from abroad as prices trend higher. Instead, they are buying more oil products, Bloomberg reported. Two energy majors—Gail India and Indian Oil Corp.—had recently canceled LNG purchase tenders because of the price, the publication noted in its report, citing unnamed sources. As a result, India’s total LNG imports for April are seen 5% lower than a year ago, at 1.9 million tons. This would be the lowest monthly LNG import volume since December 2023,…
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