India continues to boost monthly LNG imports

Kochi LNG storage tanks (Image courtesy of Petronet LNG)

India’s imports of liquefied natural gas (LNG) continued to rise in September, logging an increase for the seventh consecutive month.

India imported 2.31 billion cubic meters of LNG or about 1.71 million tonnes last month, a rise of 3.2 percent year-on-year, according to the data from oil ministry’s Petroleum Planning and Analysis Cell (PPAC).

The costs of these imports were at $0.8 billion compared to $0.6 billion in September last year.

On the other side, India’s domestic natural gas production dropped 1.4 percent in September to 2.68 Bcm.

In the April-September period, India imported 14.06 Bcm or about 10.41 million tonnes of LNG. This represents an increase of 15.4 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

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Posted on October 19, 2018 with tags .

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