OK, so India will binge on the current low prices. But LNG is not coal. You cant heap it up cheaply where it will sit until needed. Its a boiling liquid and you cannot store it forever. So, you need a deep and rather developed market for that kind of thing to happen. India can develop its gas market of course. But judging from past experience, this won’t be fast.
India is set to import record volumes of liquefied natural gas (LNG) this month, data shows, taking advantage of the super-chilled fuel's price hitting all-time lows due to the coronavirus outbreak dampening demand in China.