South Asian Gas Market: It’s Time to Mount an Offensive

... possible withdrawal from the project could also have a number of negative consequences for both New Delhi and Moscow. Under the worst-case scenario, India may lose all of its pipeline gas delivery projects, in which Pakistan is the key transit country and China is the primary rival in terms of supplies. India in this case would remain heavily dependent on Qatari LNG. Potential instability in the Persian Gulf, in particular a blockade of Qatar’s or the closure of the Strait of Hormuz, could result in significant risks for Indian buyers. An expansion of the U.S. LNG presence in the region, for its part, may present ...