India, Asian peers pile up $7.4 billion spot-gas bill, turning wary of LNG

Wait 5 sec.

Asian nations spent billions on spot LNG after supply disruptions. These higher costs pressure economies reliant on natural gas imports. Countries are now reconsidering long-term dependence on imported liquefied natural gas. Alternatives like solar, wind, and coal are being explored by several nations. Buyers are also diversifying suppliers to mitigate future procurement risks.