LNG import volume up 17.5% in FY24 as consumption rises

Even as the import volume reported such increase, the country’s gas import bill fell significantly by 22% to $13.3 billion in FY24 from $17.1 billion in FY23, as prices fell.

While the fertilizer sector contributed to 32% of the total consumption, CGD entities accounted for 19% of the total natural gas consumption, followed by the power sector at 12%.

In the fertilizer and other industries, natural gas is used as a feedstock and is also used as a fuel for electricity generation and heating purposes in industrial and commercial units.