New Delhi: India's Liquefied Natural Gas (LNG) demand remains firm despite high spot prices, but rising gas costs could squeeze margins for downstream players; the country may see higher LNG prices from September, according to a report by Equirus.
India's LNG imports accounted for 59 per cent of total gas consumption in July 2026, the highest share since July 2021, when it stood at 65 per cent. The share has also risen by 15 percentage points from 44 per cent in April 2026 -- at the height of the war-related trough. With domestic gas production remaining flat, "India remains highly exposed to elevated spot LNG prices," Equirus noted.
