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    India's LNG imports down 4% in May

Summary

The imports were up 2.42% month/month, however.

by: Shardul Sharma

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

India's LNG imports down 4% in May

India’s LNG imports in May came in at 2.53bn m(about 1.86mn metric tons), down 3.5% year/year, the country’s oil and gas ministry's Petroleum Planning and Analysis Cell (PPAC) website showed on June 25. The imports were up 2.42% month/month, however.

The cumulative imports during the April-May period or the first two months of the Indian fiscal year (FY2023) were 4.95bn m3, down 9.6% yr/yr.  

The LNG imports last month cost $1.2bn, up from $800mn in the same month last year. The import cost in April-May was $2.2bn, up from $1.5bn in the same period last year, PPAC said.