The Indian gas utilities sector is returning to normalcy after facing volatility in prices and availability of LNG. Softening LNG prices, increased domestic gas supplies, and regulatory support from the government are driving gas offtake in the domestic market. The domestic production is expected to grow, reducing reliance on LNG.
Australia is the second largest LNG exporter worldwide. The three LNG plants in question, located in Western Australia produce 10 percent of the world’s LNG supplies used primarily for electricity generation in Asia and Europe and for industrial purposes