India attracts spot LNG cargoes as demand from Northeast Asian buyers slumps

 

LNG sellers have been forced to look for alternative markets for spot cargoes, and the focus is shifting outside traditional Asian markets. Stephanie Wilson, Platts managing editor for LNG in Asia, looks at the role the India in the LNG spot market and its geographical location to attract cargoes from both the Atlantic and Asia Pacific basins, as well as the emerging relationship between the Japan Korea Marker and the UK National Balancing Point.