AsiaLNG Terminals

India’s June LNG imports drop 17.3 percent year-on-year

By LNG Prime Staff
India’s June LNG imports drop 17.3 percent year-on-year
Dahej LNG terminal (Image: Petronet LNG)

India’s liquefied natural gas (LNG) imports dropped by 17.3 percent in June from the same month last year.

LNG imports dropped to 2.31 billion cubic meters or about 1.73 million tonnes in June, data from the oil ministry’s Petroleum Planning and Analysis Cell shows.

Compared to the previous month, LNG imports declined about 10.4 percent.

One of the reasons behind the country’s lower LNG imports could be high prices, prompting Indian buyers to hold off on buying high-priced spot volumes.

In addition, India’s demand for LNG dropped in May and June as lockdowns to curb the second deadly wave of Covid-19 hit industrial activities and consumption.

Total LNG imports in the April-June period rose by 8 percent to 7.55 bcm or about 5.66 million tonnes.

At the moment, India imports LNG via six facilities with a combined capacity of 42.5 million tonnes.

Petronet LNG’s 17.5 mtpa Dahej terminal operated at 80.2 percent capacity while Shell’s 5 mtpa Hazira terminal operated at 50 percent capacity in April-May, the PPAC data shows.

Most Popular

LNG Terminals

Financing secured for Manzanillo LNG-to-power project

Manzanillo Gas & Power has secured financing for its Manzanillo LNG-to-power project in the Dominican Republic, which includes a floating storage and regasification unit (FSRU).
LNG Terminals

Belgium’s Zeebrugge terminal to receive latest Golden Pass LNG cargo

The Fluxys-operated LNG import facility in the Belgian port of Zeebrugge is expected to receive another cargo from the Golden Pass LNG export terminal in Texas, owned by QatarEnergy and ExxonMobil, according to shipping data.
Vessels

Yangzijiang delivers its first LNG carrier

Chinese private shipyard Yangzijiang Shipbuilding has delivered its first 175,000-cbm liquefied natural gas (LNG) carrier, Yangze LNG 01.

More News Like This

LNG Terminals

India’s LNG imports up in July

India’s liquefied natural gas (LNG) imports increased 1.5 percent year-on-year in July, preliminary data from the oil ministry’s Petroleum Planning and Analysis Cell shows.
Corporate

India’s Petronet LNG logs higher profit, lower volumes

India’s largest LNG importer Petronet LNG, the operator of the Dahej and Kochi regasification terminals, reported higher profit and lower regasification volumes in the quarter ending June 30.
Contracts and Tenders

NTPC’s unit inks deals for LNG-to-power project

A unit of India's largest power utility, NTPC, has signed agreements for its planned 50 MW LNG-to-power project in the Andaman and Nicobar Islands.
LNG Terminals

India’s LNG imports drop in June

India's liquefied natural gas (LNG) imports decreased 5.4 percent year-on-year in June, preliminary data from the oil ministry’s Petroleum Planning and Analysis Cell shows.