India’s LNG imports surge in Jan YoY

India’s imports of liquefied natural gas (LNG) rose 47 percent in January on a yearly basis, logging a rise for the fifth consecutive month, according to the latest data from oil ministry’s Petroleum Planning and Analysis Cell (PPAC).

India imported 2.41 billion cubic meters of LNG or about 1.78 million tonnes last month.

The costs of these imports were at $0.8 billion compared to $0.5 billion in January last year, the PPAC data shows.

India’s domestic natural gas production dropped 1.6 percent to 2.69 Bcm.

In the April-January period, India imported 21.8 Bcm or about 16.13 million tonnes of LNG, a rise of 6.9 percent on the year.

India is planning to more than double the share of natural gas in its energy mix to 15 percent by 2022 from about 6.5 percent now.

The country reportedly aims to build additional eleven LNG import terminals to cater for the upcoming demand.

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

Share this article

Follow LNG World News

Posted on February 22, 2018 with tags .

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

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

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 >

3rd CWC Japan LNG & Gas Summit

As the only commercially focused forum for the Japanese LNG industry

read more >

Cryogenic Storage Tanks

The program committee looks forward to having the opportunity for intensive, objective and professional…

read more >