India’s COVID Crisis Hits LNG Demand ...Middle East

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India’s COVID Crisis Hits LNG Demand
source : OILPRICE ( Middle East ) () 35
Signs have already started to emerge that India’s COVID crisis has hit oil demand in the world’s third-largest oil importer, but now sources say that demand for liquefied natural gas (LNG) is also down due to the health emergency, and cargoes headed for the virus hotspot are being turned around. Shippers are diverting LNG cargoes away from Indian terminals because of lower demand for gas, shipping and trade sources told Reuters on Monday. Localized lockdowns are depressing demand for gas for commercial and transportation in India, according…

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