Over the past decade, India has established itself as one of the keystones in the global spot LNG market. In 2014, the country capitalised on the falling LNG prices driving the country's short-term import levels to a record high. This has also opened the possibility of India becoming a key player in absorbing spot volumes in an oversupplied market in 2015.
While India remains one of the most price-sensitive markets for LNG in Asia, short-term demand is not solely determined by the level of spot LNG prices.
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