India, Asian peers pile up $7.4 billion spot-gas bill, turning wary of LNG

Asian nations spent billions on spot LNG after supply disruptions. These higher costs pressure economies reliant on natural gas imports. Countries are now reconsidering long-term dependence on imported liquefied natural gas. Alternatives like solar, wind, and coal are being explored by several nations. Buyers are also diversifying suppliers to mitigate future procurement risks.