India set to import record LNG volumes as spot prices slump on virus impact


India is set to import record volumes of liquefied natural gas (LNG) this month, data shows, taking advantage of the super-chilled fuel's price hitting all-time lows due to the coronavirus outbreak dampening demand in China. The South Asian nation is estimated to import about 2.36 million tonnes in February, shiptracking data from Refinitiv Eikon showed.

That would exceed India's LNG imports in October of about 2.3 million tonnes, the previous highest monthly total. The country's annual LNG imports is expected to rise.

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