(Bloomberg) -- India started buying prompt shipments of liquefied natural gas from the spot market after a two-month absence, indicating a rebound in demand as the nation exits a deadly phase of the Covid-19 pandemic.Petronet LNG Ltd. and Indian Oil Corp. awarded tenders for delivery over the next few months, the first spot purchases since March, according to traders with knowledge of the matter. Both cargoes cost more than $11 per million British thermal units, an unusually high level for India
Canberra has rejected an application to build the world’s biggest renewable energy project in an Australian desert, infuriating groups hoping the government would take a more aggressive stance against climate change. The government warned that the A$50bn green hydrogen export project threatened sensitive wetland areas and migratory bird species. The decision represents a U-turn by Canberra, which last year supported fast tracking construction of the Asian Renewable Energy Hub on a 6,500 sq km site in a remote region in Western Australia.
Looking ahead to this week, early estimates call for a modest build that reflects the intense heat cooking the western United States in June.