Insight
APAC Energy Buzz: India in crisis
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Report summary
India’s Covid-19 infection rate shows no signs of slowing, with recorded new cases above 300,000 per day for the past two weeks. Compounding this terrible human tragedy, the crisis is also impacting India’s economy and, inevitably, the country’s energy markets. With the government resisting calls for a nationwide lockdown, energy demand has so far proven relatively resilient. But given the scale of the crisis, can this continue?
Table of contents
- Economic downside if future lockdown is introduced
- Oil demand remains resilient, though risks are rising
- India’s natural gas market staying strong, but challenges emerging for LNG importers
- Thermal coal off to a flying start in 2021, but crisis beginning to bite
- An uncertain outlook is the only certainty
Tables and charts
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India’s current restrictions appear lower than during its Q2 2020 lockdown
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