“Explained: Bharat and the complicated global dynamics of LNG”, Swarajyamag, April 27, 2023:
“In 2014, the government of Bharat decided to increase the import of Liquified Natural Gas (LNG). It was a turning point in our engagement with the world because, LNG has increasingly become as important a commodity as crude oil in the past two decades, with a set of commercial and geopolitical dynamics that don’t overlap neatly with oil.
Consequently, it is important to study and understand this sector, particularly after the severe global disruptions in energy trade following the Russo-Ukrainian war last year, and the West’s radical decision to try and end its dependency on Russian energy, as the ramifications of these factors will continue to impact Bharat for some years to come.
Bharatiya LNG imports nearly doubled between 2014 and 2020 before experiencing a slowdown in 2021 because of the Wuhan virus pandemic, and a drop of 20 per cent in 2022 because of global shortages caused by the conflict in Ukraine, when Europe’s LNG requirements went up sharply….”
Read the full article at Swarajyamag.com
