Competitively priced Liza crude could become new supply source for India, says adviser.

Guyana’s medium sweet Liza crude could become a new source of supply for India in coming years provided that it is competitively priced.

“India has been diversifying its crude imports, including taking substantial volumes from the U.S. in recent months,” said Lim Jit Yang, adviser for Asia-Pacific oil markets at S&P Global Platts Analytics. “With crude production from Guyana set to rise over the coming years, it will become a new source of supply for India, provided it is priced competitively.”