India’s natural gas demand set to plummet on lockdown, low oil prices

摘要

Singapore—India’s gas demand is expected to plunge and possibly remain low for months as its economy comes to a standstill due to a three-week lockdown triggered by the coronavirus outbreak, according to traders, company executives and officials at state-run companies. The impact on gas demand will be exacerbated by the recent collapse in oil prices, which have fallen below the $30/b mark and are at near parity; a price level equivalent to natural gas that allows petroleum fuels to displace gas in several industries.