Global spot LNG prices have come back to affordable levels: Petronet LNG

Company is India's largest LNG importer abd aims more long-term deals spreading 10 to 15 years, says it CEO

Topics
Petronet LNG | Liquefied Natural Gas | LNG price

Twesh Mishra  |  New Delhi 

Global spot liquefied natural gas (LNG) are affordable again after rallying to unprecedented highs, said A K Singh, the top executive of Petronet LNG on Friday.

Singh, who is managing director and chief executive officer, told Business Standard the sudden spurt in spot LNG prices had little impact on the company which has more long-term contracts linked to crude oil. He was speaking after the company announced its third quarter results. “The price of spot Liquefied Natural Gas (LNG) had increased to exorbitant levels which has never been seen in the past, but we are finding ...

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First Published: Fri, February 12 2021. 15:24 IST
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