India’s May LNG imports rise slightly

India’s LNG imports in May increased by 0.5 percent following a decline in April due to coronavirus lockdown restrictions.

India started easing the restrictions, which halted economic activity and pushed down demand, in the second part of May and plans to end the lockdown on June 31.

The country imported 2.38 billion cubic meters of LNG last month or about 1.8 million tonnes, data from the oil ministry’s Petroleum Planning and Analysis Cell shows.

The value of May LNG imports eased to $0.5 billion compared to $0.7 billion in the same month last year.

Looking at India’s domestic natural gas production, it dropped 16 percent last month to 2.30 billion cubic meters.

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

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 nosedived in April due to corona restrictions with Petronet LNG’s 17.5 mtpa Dahej terminal operating at only 3 percent capacity.

PPAC data shows that Shell’s 5 mtpa Hazira LNG terminal operated at 5.5 percent capacity while Indian Oil’s 5 mtpa Ennore facility operated at 7 percent capacity in April.

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.