What is the current state of strategic LNG supplies for India

Examine the speculation surrounding a possible revival of the Trump-era deal as India looks to procure new LNG supplies.
The current state of strategic LNG (liquefied natural gas) supplies for India is that the country is heavily dependent on imports to meet its energy needs. India is currently the world's fourth-largest LNG importer, and the demand for the fuel is expected to increase by at least 10% annually over the next five years. As for a possible revival of the Trump-era deal, there is speculation that India may explore this option as it looks to procure new LNG supplies. The deal, which was signed in 2019, would have seen India importing up to 5 million tonnes of LNG annually from the United States, but it was put on hold due to COVID-19. It's worth noting that the current Biden administration has shifted its focus away from promoting US LNG exports, so it remains to be seen if the deal will be revived. In the meantime, India is likely to continue exploring other options for securing strategic LNG supplies, including sourcing from multiple markets to diversify its sources of supply.
Answered 2 years ago
Amrita Aspirants