India’s liquefied natural gas (LNG) buyers are delaying new long-term supply contracts, betting that an anticipated global oversupply will push prices lower, according to Bloomberg. The stance reflects India’s high price sensitivity compared with other major importers such as China and comes as New Delhi targets nearly doubling the share of gas in its energy mix to around 15% by 2030. This cautious approach may leave room for more spot-market exposure and pricing volatility, but could also secure more favorable terms for buyers if the expected LNG supply glut materializes, influencing demand and price trends for Natural Gas.
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Over the past month, prices for CM:NG have climbed about 27.41%, highlighting firm underlying demand and possibly tighter short-term market conditions despite expectations of future oversupply. From a technical standpoint, CM:NG currently carries a 1-day signal of Buy, suggesting short-term momentum remains positive. The contrast between India’s wait-and-see stance on long-term LNG contracts and the recent strength in natural gas prices underscores a divergence between current market tightness and investor expectations of looser fundamentals ahead. Investors can explore more updates, prices, and analysis across global markets at Commodities.