India’s November LNG imports drop 17.8 pct

India’s imports of liquefied natural gas (LNG) dropped in November, logging a decrease for the second straight month.

Kochi LNG storage tanks (Image courtesy of Petronet LNG)

India imported 2.12 billion cubic meters of LNG or about 1.54 million tonnes last month, a drop of 17.8 percent year-on-year, according to the data from oil ministry’s Petroleum Planning and Analysis Cell (PPAC).

The costs of these imports were at $0.9 billion compared to $0.8 billion in November last year.

India’s domestic natural gas production rose 0.6 percent last month to 2.73 Bcm.

In the April-November period, India imported 18.58 Bcm or about 13.56 million tonnes of LNG. This represents an increase of 8.1 percent when compared to the same period last year, the PPAC data shows.


LNG World News Staff