Flexing India's muscles
The country will need to import more oil and gas. But, as recent oil and LNG deals show, the advantage is presently with the buyer
At some point before the end of 2020, liquefied natural gas from the US, Australia or Qatar will land for regasification at a plant in Haldia, a port in West Bengal state. Once they're warmed, the molecules will enter India's domestic pipeline network, supplying fertiliser and steel plants, industrial users and even small customers. It should be a new source of cheap fuel for a hungry economy. India will need more. Its rapid expansion will translate into ever-rising volumes of fossil fuels and surging supplies from abroad. Domestic production, renewables, and conservation efforts will play a part in mitigating this. And Indian investors are scouring the globe for reserves. But for all that,

Also in this section
10 July 2025
Without sanctions relief, there is little reason to believe the latest potential attempt at exports from the Russian liquefaction project will be more successful than the one last summer
9 July 2025
Efforts to restructure and boost investment appear to be working, but doubts remain about the plan to almost double crude production by 2030
7 July 2025
The end of Grangemouth and Lindsey oil refineries marks a worrying trend across Europe amid cost and transition pressures
3 July 2025
The July/August 2025 issue of Petroleum Economist is out now!