India’s imports of liquefied natural gas (LNG) rose in May on a yearly basis loging an increase for the third consecutive month following a drop in February, according to the latest data from oil ministry’s Petroleum Planning and Analysis Cell (PPAC).
India imported 2.26 billion cubic meters of LNG or about 1.67 million tonnes last month representing a rise of 16.4 percent year-on-year.
The costs of these imports were at $0.7 billion compared to $0.5 billion in May last year, the PPAC data shows.
India’s domestic natural gas production dropped 1.5 percent to 2.72 Bcm in the month under review.
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