India’s imports of liquefied natural gas (LNG) continued to rise in July, logging an increase for the fifth consecutive month.
India imported 2.47 billion cubic meters of LNG or about 1.83 million tonnes last month, a rise of 28.8 percent year-on-year, according to the latest data from oil ministry’s Petroleum Planning and Analysis Cell (PPAC).
The costs of these imports were at $0.9 billion compared to $0.5 billion in July last year.
On the other side, India’s domestic natural gas production dropped 5.1 percent in July to 2.71 Bcm.
In the April-July period, India imported 9.44 Bcm or about 7.46 million tonnes of LNG. This represents an increase of 20.3 percent when compared to the same period last year, the PPAC data shows.
India currently imports LNG via Petronet’s Dahej and Kochi LNG terminals, Shell’s Hazira plant, and the Dabhol terminal operated by Ratnagiri Gas and Power.
LNG World News Staff