LNG import falls 13.6% in September
India’s import of liquefied natural gas (LNG) recorded a drop of 13.2% year-on-year (y-o-y) to 1.9 million tonnes (MT), or 2,517.5 million standard cubic meter (mscm) in September, according to a recent note published by Credit Suisse. With this, LNG import in April-September stood at 11.8 MT, marginally lower than 11.9 MT recorded in the corresponding quarter a year ago.
Import volumes fell with global spot LNG prices climbing to record highs amid low stocks, high demand and limited supply of fuel. Domestic natural gas consumption had increased 10.1% y-o-y to 26,660 mscm in the April-August period and demand figures for September are not available yet.
