India’s LNG imports rise 4.6% year-on-year in June


India’s LNG imports rise 4.6% year-on-year in June

India’s liquefied natural gas (LNG) imports rose 4.6% year-on-year and 15.6% month-on-month to 91 million metric standard cubic meter per day (mmscmd) in June, according to data from the Petroleum Planning & Analysis Cell and Ministry of Petroleum and Natural Gas.

Lower domestic natural gas production in June coupled with higher demand and lower prices at Henry Hub—major distribution centre–led to the rise in LNG imports.

During the first quarter of the current fiscal, imports increased 6.8% year-on-year to 86 mmscmd following a five-month period–from November 2018 till March 2019– of lower imports, with average LNG imports 10.4% lower at 69.5mmscmd than the corresponding five-month period last year. Read More

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