LNG imports rise by 9.7% as domestic consumption increases

India’s imports for the liquefied natural gas (LNG) increased 9.7% year-on-year and 13.4% month-on-month to 83 million metric standard cubic metres per day (mmscmd) said the Petroleum Planning & Analysis Cell and Ministry of Petroleum and Natural Gas.

The increase comes after a five-month period of lower year-on-year (yoy) imports between November 2018 and March 2019, wherein the average LNG imports were 10.4% lower at 69.5mmscmd than the corresponding five-month period last year.

The 0.3% year-on-year reduction in domestic natural gas production in April 2019 coupled with 4.2% year-on-year increase in consumption demand seems to have driven the increase in LNG imports.