LNG spot price and naphtha price differentials have widened
in India ever since January on accounting of increasing oil prices and falling prices LNG projects in India. According to data carried here by this website, the differential
was non-existent in January but has widened in April and there is still a
reasonable gap of late even though oil prices are on the decline.
Spot LNG prices were above the $9/mmbtu level in January but has fallen rapidly since, thereby ensuring that the differential between the two competing fuels remain high. This is a good time for suppliers to push through gas supplies to industrial users with dual-use furnaces.
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