LNG still too pricey for Indian demand boost, top importer says

India's largest LNG importer, Petronet LNG Ltd., stated that prices must fall to $6-$7 per million Btu to significantly boost demand. Current Asian benchmark prices exceed $11, making LNG uncompetitive against alternatives like coal and diesel for price-sensitive Indian buyers. Despite ample import capacity, half remains unused due to high costs and infrastructure gaps.