Photo: Image courtesy of Indian Oil LNG

India’s November LNG imports up

Imports of liquefied natural gas (LNG) into India rose in November when compared to the corresponding month in 2018. 

Data from the oil ministry’s Petroleum Planning and Analysis Cell (PPAC) shows that 2.64 billion cubic meters have been imported during the month under review. This is a 19 percent increase over the corresponding month the previous year.

PPAC added that the cumulative import for the April-November period reached 21.73 billion cubic meters, 9.9 percent above the volumes recorded in the corresponding period last year.

The cost of LNG imports was at $6.3 billion for the fiscal year, which is an 11.27 percent drop when compared to the corresponding period last year.

For the month of November, the cost reached $0.8 billion, an 11.11 percent drop, compared to November 2018.

For the calendar year 2019, imports reached 28.74 billion cubic meters at a cost of $10.3 billion, an increase compared to the 27.44 billion cubic meters in 2018, and the price tag of $8.1 billion.

Ministry’s data shows that Petronet LNG’s Dahej terminal once again operated above full capacity utilization. Namely, the terminal operated at 107.3 percent capacity utilization during the fiscal year so far with the Hazira LNG terminal operating at 100 percent capacity utilization.

Kochi LNG terminal operated at 15.1 percent capacity while Dabhol and Ennore LNG terminals operated at 9.1 and 6.1 percent utilization capacity, respectively.