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Market Impact: 0.35
Indian LNG Imports Surge to Six-Year High Even as Prices Spike
Source: Bloomberg
Energy Markets & PricesTrade Policy & Supply ChainGeopolitics & WarCommodities & Raw Materials
India’s LNG imports rose in August to the highest level in nearly six years, despite higher spot prices. Fertilizer and fuel distributors increased buying to replace LNG shipments disrupted by the Iran war, indicating a supply substitution effect. This likely provides moderate sector read-through for LNG/energy prices and related trade flows.
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