India’s LNG imports continue to decline

India’s liquefied natural gas (LNG) imports dropped for the second straight month in July when compared to the year ago.

LNG imports decreased 14.9 percent to 2.52 billion cubic meters or about 1.87 million tonnes in July, data from the oil ministry’s Petroleum Planning and Analysis Cell shows.

However, when compared to the previous month, LNG imports rose about 9 percent.

Also, total LNG imports in the April-July period increased by 1.9 percent to 10.16 bcm or about 7.51 million tonnes, PPAC said.

On the other side, natural gas production in July increased 18.4 percent to 2.98 bcm while it rose 2.9 percent in the April-July period to 11.06 bcm.

One of the reasons behind India’s lower LNG imports when compared to the previous year 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.

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 86 percent capacity while Shell’s 5 mtpa Hazira terminal operated at 63.1 percent capacity in April-June, the PPAC data shows.

Most Popular

Venture Global, Petronas seal 20-year LNG SPA

US LNG exporter Venture Global LNG has signed a 20-year LNG supply contract with Malaysian energy giant Petronas for volumes from the CP2 project in Louisiana.

Golden Pass LNG seeks re-export approval

Golden Pass LNG, a joint venture owned by energy giants QatarEnergy and ExxonMobil, is seeking approval from the US DOE to export previously imported LNG from October, as it nears the launch of the first liquefaction train.

TPDC, Energetech Tantel to develop Tanzanian small-scale LNG plant

State-run Tanzania Petroleum Development Corporation has signed a memorandum of understanding with Energetech Tantel to develop what they say is Tanzania's first small-scale LNG plant.

More News Like This

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.

Petronet pushes back launch of additional Dahej LNG capacity

India’s largest LNG importer, Petronet LNG, has again pushed back the launch of an additional five mtpa capacity at its Dahej LNG terminal in western Gujarat state.