India’s LNG imports almost flat in October

India’s liquefied natural gas (LNG) imports decreased just 0.8 percent in October when compared to the same month last year, according to the preliminary data from the oil ministry’s Petroleum Planning and Analysis Cell.

The country imported 2.41 billion cubic meters or about 1.77 million tonnes of LNG in October, compared to 2.43 bcm in October last year.

October LNG imports rose when compared to 2.36 bcm in September.

During April-October India took 16.87 bcm of LNG, or some 12.3 million tonnes, down by 11.2 percent when compared to the same period last year, PPAC said.

India paid $1.6 billion for October LNG imports, compared to $1.2 billion last year, while costs increased to $11.5 billion in April-October from $7 billion last year.

As per India’s natural gas production, it dropped by 4.1 percent to 2.89 bcm in October. Gas production rose by 0.8 percent in April-October to 20.07 bcm.

India’s monthly LNG imports have been constantly dropping this year due to mostly high spot prices.

Asian spot LNG prices dropped during November but they remain high. The JKM LNG price for December settled at $27.397 per mmBtu on Wednesday.

At the moment, India imports LNG via six facilities with a combined capacity of about 42.7 million tonnes.

Petronet LNG’s 17.5 mtpa Dahej terminal operated at 83.5 percent capacity while Shell’s 5 mtpa Hazira terminal operated at 48.3 percent capacity in April-September, PPAC said.

- Advertisements -

Most Popular

Deutsche ReGas starts commissioning Mukran FSRU terminal

LNG terminal operator Deutsche ReGas has kicked off commissioning activities at its FSRU-based LNG import facility in Germany’s port...

CEO: DOE’s permit pause will not slow down Cheniere’s LNG expansion plans

US LNG exporting giant Cheniere is going "full steam ahead" with plans to expand its Sabine Pass and Corpus...

Venture Global seeks more time to complete Calcasieu Pass LNG terminal

US LNG exporter Venture Global LNG has requested more time from the US FERC to complete the commissioning of...

More News Like This

India’s LNG imports rise in January

India’s liquefied natural gas (LNG) imports rose in January compared to the same month in 2023, according to the...

QatarEnergy, India’s Petronet LNG seal long-term supply deal

State-owned LNG giant QatarEnergy has signed a long-term contract with India's largest LNG importer Petronet LNG. Under the 20-year...

India’s Petronet LNG reports higher profit, volumes

India’s Petronet LNG reported a slight rise in its quarterly profit and higher volumes at the company’s two regasification...

India’s LNG imports rise

India’s liquefied natural gas (LNG) imports rose in December compared to the same month in 2022, according to the...