India’s LNG imports continue to rise

Kochi LNG storage tanks (Image courtesy of Petronet LNG)

India’s imports of liquefied natural gas (LNG) surged in June as compared to the last year, logging an increase for the fourth consecutive month following a drop in February.

India imported 2.51 billion cubic meters of LNG or about 1.90 million tonnes last month representing a rise of 38.9 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 June last year, the PPAC data shows.

India’s domestic natural gas production dropped 2.8 percent to 2.67 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

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Posted on July 20, 2018 with tags .

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