India boosts October LNG imports

Kochi LNG storage tanks (Image courtesy of Petronet LNG)

India’s imports of liquefied natural gas (LNG) rose in October on a yearly basis for the second consecutive month following a drop in August, according to the latest data from oil ministry’s Petroleum Planning and Analysis Cell (PPAC).

India imported 2.42 billion cubic meters of LNG or about 1.79 million mt last month, a rise of 11 percent as compared to October 2016.

The costs of these imports were at $0.7 billion compared to $0.5 billion in October last year, the PPAC data shows.

Domestic natural gas production continued to rise in October. India’s natural gas production increased 2 percent to 2.8 Bcm, PPAC said.

In the April-October period, India imported 14.77 Bcm or about 10.93 million mt of LNG, down 0.4 percent on year.

India currently imports LNG via Petronet’s Dahej and Kochi LNG terminals, Shell’s Hazira plant, and the Dabhol terminal operated by Ratnagiri Gas and Power.


LNG World News Staff

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