India continues to increase LNG imports

India’s LNG imports are continuing to improve and they increased for the sixth straight month in December but also during the fiscal year.

LNG imports reached 2.78 billion cubic meters or about 2.05 million tonnes of LNG last month, a rise of 0.9% year-on-year, data from the oil ministry’s Petroleum Planning and Analysis Cell shows.

Moreover, the value of December LNG imports continued to ease and the price tag totaled $0.7 billion compared to $0.8 billion in the same month last year.

Same as in November, India’s domestic natural gas production dropped last month 9.1 percent to 2.42 bcm.

Total LNG imports in the April-December period rose by 0.7% to 24.75 bcm or about 18.2 million tonnes of LNG.

To remind, the Covid pandemic has affected the country’s LNG imports bringing them down in April-June due to restrictions. But they continued to log monthly climbs since then.

India currently imports LNG via six terminals with a combined capacity of 42.5 million tonnes.

Petronet LNG’s 17.5 mtpa Dahej terminal operated at 95.4% capacity while Shell’s 5 mtpa Hazira terminal operated at 93.3% capacity in April-November, the PPAC data shows.

- Advertisements -

Most Popular

Golden Pass LNG contractor Zachry files for bankruptcy

US construction company Zachry said on Tuesday it has filed for bankruptcy, initiating a structured exit from the Golden...

Hoegh LNG: commissioning of Brazilian FSRU completed

Commissioning of the FSRU Hoegh Giant which serves Cosan's LNG import terminal in Brazil's port of Santos has been...

French and Dutch terminals remain top destinations for US LNG cargoes

French and Dutch LNG import terminals remained the top destinations for US liquefied natural gas supplies in March, as...

More News Like This

India boosts LNG imports in April

India’s liquefied natural gas (LNG) imports rose in April this year compared to the same month last year, according...

India’s Hindustan Petroleum plans to launch Chhara LNG terminal by October

India’s Hindustan Petroleum, a unit of state-owned ONGC, aims to launch its delayed Chhara LNG import terminal in Gujarat...

Commissioning of India’s Chhara LNG terminal delayed

India’s Hindustan Petroleum, a unit of state-owned ONGC, has reportedly delayed the commissioning of its Chhara LNG import terminal...

India’s LNG imports down in March

India’s liquefied natural gas (LNG) imports dropped in March following a year-on-year rise in January and February, according to...