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 preliminary data from the oil ministry’s Petroleum Planning and Analysis Cell.

The country imported 2.25 billion cubic meters or about 1.66 million tonnes of LNG in February, a rise of 11 percent when compared to the same month in 2022, PPAC said.

Also, February LNG imports were almost flat when compared to 2.26 bcm in January.

During the April-February period, India took 24.76 bcm of LNG, or some 18.4 million tonnes, down by 12.8 percent, PPAC said.

India paid $1.5 billion for February LNG imports, a rise of about 36 percent compared to $1.1 billion in 2022, while costs increased about 40 percent year-on-year to $16.8 billion in April-February, it said.

As per India’s natural gas production, it rose by 1.9 percent to 2.65 bcm in February. Gas production increased by 1.1 percent in April-February to 31.49 bcm.

India’s monthly LNG imports have been constantly dropping last year due to mostly high spot prices. However, Asian spot LNG prices dropped this year.

Petronet LNG previously said it is expecting India’s LNG imports to increase in the first quarter of this year due to lower spot prices.

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 78.2 percent capacity, while Shell’s 5 mtpa Hazira terminal operated at 37.5 percent capacity in April-January, PPAC said.

- Advertisements -

Most Popular

QatarEnergy, ExxonMobil update on Golden Pass LNG work

Energy giants QatarEnergy and ExxonMobil released the latest construction update for their Golden Pass LNG export terminal on the...

UAE’s Adnoc takes FID on Ruwais LNG project

UAE’s Adnoc has taken a final investment decision to build its liquefied natural gas (LNG) export terminal in Al...

Venture Global inks deal with DTEK to supply LNG to Ukraine

US LNG exporter Venture Global LNG has signed a heads of agreement with a unit of Ukraine's DTEK to...

More News Like This

Cedigaz: global LNG imports increased 1.7 percent in January-May

Global LNG imports rose by 1.7 percent to 169.3 million tonnes in January-May 2024, up from 168 million tonnes...

India’s Dhamra LNG terminal received 20 cargoes in first year of operations

India’s Adani and France’s TotalEnergies have received 20 shipments at their Dhamra LNG import facility located in Odisha, on...

Petronet expects 15 percent rise in India’s LNG imports

India's largest LNG importer Petronet LNG expects a 15 rise in the country's imports of liquefied natural gas during...

India boosts LNG imports in April

India’s liquefied natural gas (LNG) imports rose in April this year compared to the same month last year, according...