India’s February LNG imports slightly down

India’s monthly LNG imports dropped slightly in February when compared to the year before, while prices remain high.

Preliminary data from the oil ministry’s Petroleum Planning and Analysis Cell shows that LNG imports declined by just 0.5 percent to 2.50 billion cubic meters or about 1.84 million tonnes in February.

LNG imports rose when compared to the last month.

Total LNG imports in the April-February period decreased by 3 percent to 29.29 bcm or about 21.53 million tonnes, PPAC said.

On the other side, natural gas production in February increased 12.8 percent to 2.60 bcm, while it rose 19.8 percent in the April-February period to 31.13 bcm, it said.

One of the main reasons behind India’s lower LNG imports is still the high spot price which currently trades well above $30/MMBtu, prompting Indian buyers to hold off on buying spot volumes.

The data from PPAC said India has paid $1 billion for February LNG imports, compared to $0.8 billion last year. In the April-February period, the price tag reached $10.9 billion, which compares to $7 billion in the same period in the year before.

At the moment, India imports LNG via six facilities with a combined capacity of 42.5 million tonnes. H-Energy’s FSRU-based import facility in Jaigarh should also start operating later this year.

Petronet LNG’s 17.5 mtpa Dahej terminal operated at 89.1 percent capacity while Shell’s 5 mtpa Hazira terminal operated at 52.6 percent capacity in April-January, the PPAC data shows.

Most Popular

NFE logs $557 million net loss, continues Puerto Rico supply deal talks

US LNG player New Fortress Energy reported a net loss of $557 million in the second quarter of 2025, while it continues to negotiate a long-term gas sale agreement with PREPA to provide gas island-wide in Puerto Rico.

MOL gets OK for two LNG carrier designs with sails

Japan’s shipping giant MOL has secured approval from classification society Lloyd's Register (LR) for two liquefied natural gas (LNG) carrier designs equipped with four Wind Challenger sails.

Jera in Montenegro LNG terminal move

Japan's power firm and LNG trader Jera and the government of Montenegro plan to sign a memorandum of understanding on the development of a liquefied natural gas (LNG) terminal and an associated gas-fired power plant.

More News Like This

India’s Petronet invites bids for Kochi LNG bunkering system

India’s largest LNG importer, Petronet LNG, has launched a tender inviting contractors to submit bids for the engineering, supply, installation, and commissioning of an LNG bunkering system at its Kochi import terminal in southern Kerala state.

India’s LNG imports drop in July

India's liquefied natural gas (LNG) imports dropped by 20.2 percent year-on-year in July, preliminary data from the oil ministry’s Petroleum Planning and Analysis Cell shows.

Petronet plans to complete Dahej LNG expansion by end of this year

India’s largest LNG importer, Petronet LNG, expects to complete work on an additional 5 mtpa capacity at its Dahej LNG terminal in western Gujarat state by the end of this year, according to Petronet LNG's management.

Petronet approves onshore Gopalpur LNG terminal

India’s Petronet LNG has approved an investment in a land-based LNG import terminal in Gopalpur, Odisha, instead of an FSRU-based facility.