Global spot LNG prices have come back to affordable levels: Petronet LNG

The company is India's largest LNG importer and is aiming for more long-term deals in the next 10 to 15 years, says it CEO

Global spot liquefied natural gas (LNG) are affordable again after rallying to unprecedented highs, said A K Singh, the top executive of Petronet LNG on Friday.

Singh, who is managing director and chief executive officer, told Business Standard the sudden spurt in spot LNG prices had little impact on the company which has more long-term contracts linked to crude oil. He was speaking after the company announced its third quarter results. 

“The price of spot Liquefied Natural Gas (LNG) had increased to exorbitant levels which has never been seen in the past, but we are finding that from future prices