Energy & Petrochemicals #lng#long term contracts
India Signed 8.4 mtpa of Long-Term LNG Contracts in 2025, Leading Global Buyer: GIIGNL
India was the most active buyer of long-term LNG contracts in 2025, signing 8.4 million tonnes per annum (mtpa) across six entities, according to the International Group of Liquefied Natural Gas Importers (GIIGNL). The global LNG contracting market saw 83 long-term sale purchase agreements (SPAs) totaling 71.6 mtpa, nearly double the 47 SPAs in 2024. The report also highlighted risks from the West Asia conflict, including an attack on Qatar’s Ras Laffan terminal and reliance on the Strait of Hormuz.
Jul 21, 2026 1 source