India’s October LNG imports down

Kochi LNG storage tanks (Image courtesy of Petronet LNG)

India’s imports of liquefied natural gas (LNG) dropped in October, logging the first monthly decrease this year.

India imported 2.28 billion cubic meters of LNG or about 1.68 million tonnes last month, a drop of 5.8 percent year-on-year, according to the data from oil ministry’s Petroleum Planning and Analysis Cell (PPAC).

The costs of these imports were at $0.9 billion compared to $0.7 billion in October last year.

India’s domestic natural gas production also dropped 0.4 percent last month to 2.79 Bcm.

In the April-October period, India imported 16.46 Bcm or about 12.18 million tonnes of LNG. This represents an increase of 12.6 percent when compared to the same period last year, the PPAC data shows.

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 November 21, 2018 with tags .

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