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.

Most Popular

Excelerate says purchased LNG carier set for FSRU conversion

US FSRU player Excelerate Energy confirmed on Monday that its recently purchased LNG carrier Excelerate Shenandoah is the company's first FSRU conversion candidate.

Nebula’s AG&P LNG to take FID on Venice Energy’s LNG project in 2025

Nebula Energy’s AG&P LNG is expected to make a final investment decision on Venice Energy's FSRU-based LNG import project in the Port of Adelaide, South Australia, later this year after it agreed to buy the project.

Excelerate working to expand Jamaican LNG business

US FSRU player Excelerate Energy has already made some smaller investments to further optimize its recently acquired LNG business in Jamaica, according to CEO Steven Kobos.

More News Like This

Petronet plans to complete Dahej LNG expansion by end of this year

India’s largest LNG importer, Petronet LNG, expects to complete work on an additional 5 mtpa capacity at its Dahej LNG terminal in western Gujarat state by the end of this year, according to Petronet LNG's management.

Petronet approves onshore Gopalpur LNG terminal

India’s Petronet LNG has approved an investment in a land-based LNG import terminal in Gopalpur, Odisha, instead of an FSRU-based facility.

India’s Petronet LNG logs lower profit, volumes

India’s largest LNG importer Petronet LNG, the operator of the Dahej and Kochi regasification terminals, reported lower quarterly profit and volumes.

India boosts June LNG imports

India's liquefied natural gas (LNG) imports rose by 26.1 percent year-on-year in June, preliminary data from the oil ministry’s Petroleum Planning and Analysis Cell shows.