Global gas crunch is hurting Indian LNG import terminals as sky-high spot prices have curbed imports, which can push into doubt the country’s plans to aggressively add capacity.
Shell’s 5.2 million tonnes a year (mt/y) LNG terminal at Hazira, the country’s second-largest, used only 63% of its capacity this financial year from April through December as against 89% in the same period last year. Capacity utilization at Petronet LNG’s terminal at Dahej (17.5 mt/y), the country’s largest, also dropped 6% to 90% this year.
