India’s LNG imports surge in Jan YoY

Kochi LNG plant (Image courtesy of Petronet LNG)

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 .


<< Mar 2018 >>
26 27 28 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 31 1

9th SCADA World Summit 2018

The 4-day conference event’s key highlights will include case studies from leading energy & utilities companies, interactive discussions…

read more >

LNG Pricing, Trading & Risk Management: 3-Day Course

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

read more >

Singapore Maritime Technology Conference and Exhibition (SMTC) 2018

The 3rd Singapore Maritime Technology Conference and Exhibition (SMTC) 2018…

read more >

CWC China LNG and Gas Summit & Exhibition 2018

The Only International Event to Meet the New Chinese LNG Buyers

read more >