India’s June LNG imports decline

India’s LNG imports in June dropped by 6.9 percent in June following a slight increase in May as the country started to loosen coronavirus lockdown restrictions.

India started easing the restrictions, which halted economic activity and pushed down demand, in the second part of May but oil and gas demand is still low and it will take time for recovery to pre-Covid levels.

The country imported 2.67 billion cubic meters of LNG last month or about 1.97 million tonnes, data from the oil ministry’s Petroleum Planning and Analysis Cell shows.

Furthermore, the value of June LNG imports eased to $0.6 billion compared to $0.9 billion in the same month last year.

Looking at India’s domestic natural gas production, it dropped 12 percent last month to 2.32 bcm.

To remind, India’s LNG imports during the fiscal year ending March 2020 rose 17.2 percent year-on-year to 33.7 bcm or about 25 million tonnes.

In the April-June period, the country imported slightly more than 7 bcm or about 5.18 million tonnes.

This represents a decline of 12.5 percent compared to the same period last year.

India currently imports chilled fuel via six LNG import terminals with a combined capacity of 42.5 million tonnes.

According to PPAC, utilzation of these facilities started gradually to pick after it nosedived in April due to corona restrictions.

Petronet LNG’s 17.5 mtpa Dahej terminal operated at 71 percent capacity while Shell’s 5 mtpa Hazira terminal operated at 78.5 percent capacity in April-May, the data shows.

Most Popular

South Korea’s Posco says first LNG carrier to start ops in H2

Posco International, a unit of South Korean steel producer Posco, plans to start shipping LNG with its first dedicated LNG carrier in the second half of this year.

Canada’s Cedar LNG names FLNG

Canada’s Cedar LNG, a joint venture of Canada’s Pembina Pipeline and the Haisla Nation, has picked a name for its floating LNG facility, which will be located in the traditional territory of the Haisla Nation, on Canada’s West Coast.

Wilhelmshaven LNG jetty ready to welcome Excelerate’s FSRU

Dutch marine contractor Van Oord announced on Monday it had completed the new jetty for its client, state-owned LNG...

More News Like This

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.

India’s April LNG imports climb

India's liquefied natural gas (LNG) imports rose by 21.3 percent year-on-year in April, preliminary data from the oil ministry’s Petroleum Planning and Analysis Cell shows.

India’s LNG imports slightly down in March

India's liquefied natural gas (LNG) imports decreased by 0.3 percent year-on-year in March, preliminary data from the oil ministry’s Petroleum Planning and Analysis Cell shows.

India’s GAIL seeks stake in US LNG project

India’s largest gas utility, GAIL, has launched a tender to take equity and buy volumes from a US LNG export project.