India’s LNG imports rise in April YoY

India’s imports of liquefied natural gas (LNG) continued its rising trend during the month of April, according to the latest data from oil ministry’s Petroleum Planning and Analysis Cell (PPAC).

The monthly LNG imports increased 1.9 percent in April when compared with April last year. India imported 2.18 billion cubic meters of LNG or about 1.61 million mt.

India’s LNG imports increased for a third straight month after a decline in January and December, respectively.

Domestic natural gas production rose 1.8 percent in April to 2.53 Bcm, the PPAC data shows.

To remind, India’s LNG imports in the April-March period increased 15.5 percent year-on-year to 24.6 Bcm or about 18.2 million mt of LNG. LNG imports during the fiscal year to March were the highest in the last four years, PPAC said.

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 $0.6 billion for April 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>

<< Nov 2019 >>
MTWTFSS
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 30 1

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

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 / Nov 2019

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

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >

Budapest LNG Summit 2019

The Budapest LNG Summit is a niche event focused on the up and coming LNG region of Central & Eastern Europe (CEE).

read more >