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    India's November LNG Imports Drop Sharply

Summary

Imports declined for the second straight month.

by: Shardul Sharma

Posted in:

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

India's November LNG Imports Drop Sharply

India’s LNG imports declined for the second straight month in November, according to data published December 20 by the Indian oil ministry's Petroleum Planning and Analysis Cell (PPAC).

Last month, India imported LNG equivalent to 2.12bn m3 of pipeline gas (about 1.7mn metric tons LNG), down 17.8% year-on-year. During October, India's imports were 2.28bn m3, down 5.8% year-on-year.

During the first eight months of the present financial year that began April 1, cumulative imports were 18.58bn m3, up 8.1% on year. India's LNG imports last financial year were the highest ever at 26.4bn m³, up 7% from the year before, according to PPAC data.