India’s May LNG imports rise 9.2 percent year-on-year

India’s LNG imports rose by 9.2 percent in May from the same month last year when Covid-19 lockdown restrictions halted economic activity and pushed down demand.

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

Last month, LNG imports reached 2.57 billion cubic meters or about 1.90 million tonnes while the price tag totaled about $0.8 billion in May, data from the oil ministry’s Petroleum Planning and Analysis Cell shows.

Compared to the previous month, LNG imports dropped about 2.6 percent.

March LNG imports increased slightly while January and February marked a drop year-on-year.

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 36.9 percent capacity in April, the PPAC data shows.

The country will also soon start importing LNG via H-Energy’s facility in Jaigarh following the arrival of the FSRU Hoegh Giant.

- 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 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...

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...