Indian LNG importers face tender cancellations amid price swings

Indian companies are finding it increasingly difficult to secure urgently needed spot LNG cargoes as volatile intraday prices and repeated tender cancellations showed weaknesses in traditional procurement methods, threatening supply to critical sectors, including fertilizer production, according to multiple traders and importers. Since conflict in the Middle East escalated in late February, IndianIndian companies are finding it increasingly difficult to secure urgently needed spot LNG cargoes as volatile intraday prices and repeated tender cancellations showed weaknesses in traditional procurement methods, threatening supply to critical sectors, including fertilizer production, according to multiple traders and importers. Since conflict in the Middle East escalated in late February, IndianRead More