LNG

High prices are causing a drop in seaborne coal imports to India, though LNG is no alternative due to supply constraints and record prices, leaving Indian utilities struggling to meet soaring electricity demand this summer.

Suspension of nearly 10.2 mtpa of Qatari LNG supply to Asia is forcing utility buyers to switch to coal, with an additional 150 million tonnes (Mt) of consumption projected through 2030, roughly half of which in 2026 alone. A supply gap, not green policies, is driving demand, with RystadEnergy anticipating an LNG shortfall of 35 million tons this year.