India’s move to extend a countrywide lockdown in its battle against the coronavirus pandemic will not only create more hurdles for trade flows, but also would prompt refiners to cut runs further and reduce the country’s appetite for LNG imports. Receive daily email alerts, subscriber notes & personalize your experience. Register Now A 21-day lockdown started March 25 and was due to end on April 14, but Indian Prime Minister Narendra Modi said Tuesday that a further extension until May 3 was needed to stem the spread of COVID-19. S&P Global Platts Analytics expects oil demand to contract by 405,000 b/d year on year in the second quarter before posting positive growth in H2, taking the whole year demand decline to 110,000 b/d year on year. And on the gas side, the lockdown extension would impact Indian LNG demand and put imports at risk of falling below […]