India’s LNG imports down in May

Image courtesy of Hazira LNG

India’s imports of liquefied natural gas (LNG) declined during the month of May after previously rising for three straight months, according to the latest data from oil ministry’s Petroleum Planning and Analysis Cell (PPAC).

The monthly LNG imports dropped 9.6 percent in May when compared with the same month last year.

India imported 1.93 billion cubic meters of LNG or about 1.45 million mt last month.

On the other side, domestic natural gas production rose 4.2 percent in May to 2.76 Bcm, the PPAC data shows.

India’s LNG imports have been rising since the beginning of last year on the back of lower prices after the country’s largest importer, Petronet LNG signed a revised long-term contract with Qatari LNG producer RasGas.

India paid $0.5 billion for May LNG imports, PPAC said.

The country 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

Share this article

Follow LNG World News

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

2nd Central and Eastern European Small Scale LNG Forum

The Forum is for LNG industry leaders, who want to keep up to date with Small-Scale LNG latest trends and many other topics!

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Houston / Feb 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >