• Natural Gas News

    Indian LNG imports down 8% in March

Summary

The imports were up month/month, however.

by: Shardul Sharma

Posted in:

Complimentary, Natural Gas & LNG News, Asia/Oceania, Liquefied Natural Gas (LNG), Security of Supply, Corporate, Import/Export, News By Country, India

Indian LNG imports down 8% in March

India’s LNG imports in March came in at 2.61bn m3 (about 1.89mn metric tons), down 7.8% year/year, the country’s oil and gas ministry's Petroleum Planning and Analysis Cell (PPAC) website showed on April 23. The imports were up 4.4% month/month, however.

The cumulative imports of 31.9bn m3 (about 23mn mt) for the 12 months to March 31, 2022 (FY22) were lower by 3.4% compared with the corresponding period of the previous year.

Meanwhile, LNG imports in March cost $1bn, up from $800mn in the same month last year. In FY22, the import bill was $11.9bn, up from $7.9bn in the same period last year, the PPAC data showed.