LNG Still Too Pricey for Indian Demand Boost, Top Importer Says

Liquefied natural gas prices will need to drop markedly to spur more Indian demand, according to the nation’s biggest importer of the fuel.

Prices would need to be between $6 to $7 per million British thermal units for consumption in the South Asian nation to increase significantly, Petronet LNG Ltd. Chief Executive Officer Akshay Kumar Singh said at the India Energy Week conference in Goa on Wednesday.