India LNG Buyers Rethink Spot Purchases After Oil Market Slump

India LNG Buyers Rethink Spot Purchases After Oil Market Slump

Fuel oil could become cheaper than spot LNG cargoes, BNEF says. LNG sellers may not be able to rely on India to absorb supply. Indian liquefied natural gas buyers, which have helped soak up a global glut, are re-examining their spot buying plans as the collapse in oil prices may make other fuels more attractive.. India's imports of LNG, which it buys mainly for industrial use, have boomed over the past year as record-low spot prices made it the fuel of choice.. India imported a record amount of LNG last month, according to Kpler SAS analyst Rebecca Chia..