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.

Most Popular

Technip Energies wins contract for Eni’s Coral Norte FLNG

France-based LNG engineering giant Technip Energies has won a contract for preliminary work on Eni's second FLNG project in Mozambique, Coral Norte (Coral North).

Victrol: LNG London hits bunkering milestone

The Shell-chartered inland bunkering vessel LNG London, owned by a joint venture of Belgium's Victrol and France's Sogestran, has reached a new operational milestone.

Himalaya’s LNG-fueled bulkers earned $34,500 per day in June

LNG-powered bulker owner Himalaya Shipping achieved average time charter equivalent earnings of about $34,500 per day in June.

More News Like This

India’s Petronet LNG seals regas deal

India's largest LNG importer Petronet LNG has signed a regasification agreement with a unit of compatriot Deepak Fertilisers.

India’s May LNG imports drop

India's liquefied natural gas (LNG) imports dropped by 15.3 percent year-on-year in May, preliminary data from the oil ministry’s Petroleum Planning and Analysis Cell shows.

GAIL: Dabhol LNG terminal gets first cargo during monsoon season

India's GAIL has unloaded its first LNG cargo at the Dabhol LNG terminal during the monsoon season following the completion of the breakwater project.

BP seals LNG SPA with India’s Torrent Power

A unit of UK-based energy giant BP has signed a long-term liquefied natural gas (LNG) supply deal with India's Torrent Power.