India’s LNG imports jump in April

Imports of liquefied natural gas (LNG) into India during the month of April jumped compared to the corresponding month in 2018. 

According to the data from oil ministry’s Petroleum Planning and Analysis Cell (PPAC), India imported a total of 2.5 billion cubic meters of the chilled fuel in April, 9.75 percent higher than the corresponding month of the previous year.

However, the data shows that the import cost for the month of April declined to $0.7 billion from $0.8 billion in April 2018.

For the full fiscal year, India imported a total of 27.01 billion cubic meters, 2.6 percent up on the 26.32 billion cubic meters during the corresponding period in the previous fiscal year.

In terms of value, the cumulative costs for the full fiscal year have reached $9.6 billion, 24.7 percent above the $7.7 billion recorded during the 2017-18 fiscal year.

India’s domestic natural gas production slipped 0.3 percent last month to 2.65 Bcm.

LNG World News Staff