India's LNG imports down 7% in Sep
India’s LNG imports in September came in at 2.64bn m3, down 7.4% year/year, the country’s oil and gas ministry's Petroleum Planning and Analysis Cell (PPAC) website showed on October 22. The imports were down 8% month/month.
During the first six months of FY2021-22, imports were 15.67bn m3, down 0.8% yr/yr, PPAC data showed. Analysts say the country’s LNG imports in FY2021-22 will be down due to high global prices. Rating agency ICRA expects Indian LNG imports to be down by about 5% in FY2021-22 compared with FY2020-21.
Meanwhile, LNG imports in September cost $1.1bn, up from $600mn in the same month last year. In the April-September period, the import bill was $5.3bn, up 71% yr/yr, the PPAC data showed. In FY2020-21, the import bill was $7.4bn.