LNG demand in China, India and Pakistan expected to rebound after US-Iran war ends
XLE•Executives see demand recovering as prices normalize
GAIL's Gupta said India had had to limit gas consumption initially, but resumed supplies to almost 90% to 95% as it ramped up its capability to buy LNG from elsewhere.
ExxonMobil XOM.N, GAIL and PetroChina executives expect consumption to rebound once prices fall.
"We are hoping that all this is very short-term, and in the coming days, in mid-term and long-term, things will become normal," Gupta said, adding that there may be about 150 million to 200 million tons of LNG coming online in the next four to five years.
PetroChina International CEO Luo Yizhou expects demand from gas-fired power plants to rebound once LNG prices return to a "normal" range of $7 to $9 per MMBtu, citing strong growth in electricity consumption.
Exxon expects substantial LNG demand growth in China over the long term, with extensive import infrastructure built along the country's east coast, its vice president for global LNG marketing Andrew Barry told Reuters on the conference sidelines.
