India’s LNG imports climb in April

India’s liquefied natural gas (LNG) imports rose in April 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 2.21 billion cubic meters or about 1.65 million tonnes of LNG in April, a rise of 6.5 percent when compared to the same month in 2022, PPAC said.

Also, April LNG imports were almost fllat when compared to 2.23 bcm in March.

During the April 2022-March 2023 financial year, India took 26.64 bcm of LNG, or some 20.1 million tonnes, down by 14.1 percent, PPAC previously said.

India paid $1.4 billion for April LNG imports, down from $1.5 billion last year, while costs increased about 28.1 percent year-on-year to $17.3 billion in April-March, it said.

As per India’s natural gas production, it dropped to 2.74 bcm in April from 2.82 bcm last year.

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

However, Asian spot LNG prices dropped significantly this year, prompting some buyers in India to return to the spot market.

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

In addition, India’s Adani and France’s TotalEnergies recently started supplying natural gas to the grid from their Dhamra LNG import facility located in Odisha, on India’s east coast, as part of the terminal’s commissioning phase.

Petronet LNG’s 17.5 mtpa Dahej terminal operated at 77.8 percent capacity, while Shell’s 5 mtpa Hazira terminal operated at 36.6 percent capacity in April-March, PPAC said.

- Advertisements -

Most Popular

BP, PetroChina book capacity at Dutch Gate LNG terminal

BP and a unit of PetroChina have agreed to book long-term capacity at the Dutch Gate LNG import terminal,...

TotalEnergies releases Mozambique LNG report

French energy giant TotalEnergies on Tuesday released a report regarding the humanitarian situation in the province of Cabo Delgado,...

LNG carrier Golar Gandria sold for demolition

Floating LNG player Golar LNG has sold its 1977-built LNG carrier, Golar Gandria, for demolition, according to brokers. The 125,000-cbm...

More News Like This

India’s Petronet LNG logs lower quarterly profit, volumes

India’s Petronet LNG reported a drop in its quarterly profit and lower volumes at the company’s two regasification terminals. Profit...

India’s LNG imports drop in March

India’s liquefied natural gas (LNG) imports decreased in March, after rising in both January and February, according to the...

India’s LNG imports continue to rise

India’s liquefied natural gas (LNG) imports rose for the second month in a row in February, according to the...

India’s Petronet LNG extends CFO’s term

India's largest importer of liquefied natural gas, Petronet LNG, has extended the contract of its finance chief Vinod Kumar...