India’s LNG imports up in June

Imports of liquefied natural gas (LNG) into India increased in June when compared to the corresponding period last year. 

Data from the oil ministry’s Petroleum Planning and Analysis Cell (PPAC) shows that 2.73 billion cubic meters have been imported during the month under review. This is a 4.9 percent increase over the volumes imported in June 2018.

The cumulative imports for the fiscal year so far have reached 7.92 Bcm, 5.9 percent above the volumes recorded in the corresponding period last year.

The cost of imports remained on par with June 2018, at $0.9 billion the data shows. The price of imports for the fiscal year reached $2.4 billion, 4 percent below the $2.5 billion during the previous fiscal year.

Domestic natural gas production in June was at 2.73 Bcm, 1.6 percent below the volumes produced in June 2018. In the current fiscal year, natural gas production reached 8.01 Bcm, 0.5 percent down on the corresponding period last year.

Ministry’s data shows that Petronet LNG’s Dahej terminal operated at 108.8 percent capacity utilization during the fiscal year so far with Hazira LNG terminal operating at 95.5 percent capacity utilization.

Kochi and Dabhol LNG terminals operated at 12 and 2.9 percent capacity utilization, respectively.

LNG World News Staff