India's LNG Imports Rise 16% in Oct
India’s LNG imports in October came in at 3.28bn m3 (2.32mn metric tons), up 16.1% yr/yr, according to the data published by the Indian oil and gas ministry's Petroleum Planning and Analysis Cell (PPAC) on November 23. Imports were up 10.5% month on month.
Some 19.08bn m3 was imported during April through October, down 0.9% yr/yr, the data showed. Indian LNG imports have recovered in the last couple of months as demand for gas has increased, thanks to the Indian government easing lockdown measures.
LNG imports in October cost some $700mn, down from $800mn in the same month last year. For the April-October period, the import cost was $3.8bn, down from $5.5bn in the same period last year, the data showed.
Total consumption of natural gas in October was 5.63bn m3, up 4.2% yr/yr. The cumulative consumption of 34.92bn m3 during April-October was 6.5% lower yr/yr, PPAC said.
Production of natural gas in October was 2.42bn m3, against 2.64bn m3 a year earlier. Cumulative production from April through October was 16.37bn m3, down from 18.65bn m3 in October 2019, PPAC said.