Jun 23, 2025
LNG prices India
India's LNG prices are influenced by both global benchmarks and domestic pricing policies. Imported spot LNG, assessed via the Platts West India Marker (WIM), currently hovers around $14.3/MMBtu amid tight global markets. Domestic natural gas, tied to a formula based on 10 % of the Indian crude basket, is priced at approximately $7.80/MMBtu (March 2025). Conventional gas caps are set near $6.50/MMBtu, while deepwater and ultra deepwater production is capped at $10.16/MMBtu. With LNG imports projected to rise 4–10 %, spot LNG remains expensive, keeping WIM-linked supplies significantly above domestic gas rates, LNG prices India, Indianpetroplus