Demand forecasts for India indicate there could be a strong enough market to support a raft of new LNG import terminals.
Petronet’s expectations that the country will see regas capacity jump to between 45 and 50 million tonnes per annum in 2015-2016 (see page 8) must account for other importers’ projects.
The market is definitely getting competitive. “We need to keep things confidential (because) everyone wants to come to the east coast now,” noted one Indian terminal proponent this week.
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