India's LNG Imports in May Up 0.5%
After witnessing a sharp 29.4% yr/yr decline in April owing to the lockdown imposed by the government late-March to control the spread of Covid-19, India’s LNG imports in May saw a marginal yr/yr growth.
India’s LNG imports last month were 2.38bn m3 (about 2mn metric tons), up 0.5% yr/yr compared with the corresponding month of the previous year, according to the data published by the Indian oil and gas ministry's Petroleum Planning and Analysis Cell on June 24.
The cumulative imports in the first two months of the fiscal year (April 2020-March 2021), however, were down 15.6% yr/yr to 4.33bn m3, the data showed. The country's cumulative LNG imports during the 12 months to March 31 (fiscal 2019-2020) were 33.68bn m3 (about 25mn mt), up 17.2% compared with the previous year. The 2019-2020 imports were the highest for any financial year on record.