Natural gas consumption fell 9% year-on-year in September on the back of lower domestic output and a sharp drop in pricey imports.
Domestic production of natural gas fell 1.7% in September while imports dropped 16.3% from a year earlier, as per the oil ministry data. Liquefied natural gas (LNG) prices have been on a rollercoaster ride for a year, with rates for Asian customers nearly touching $70 per mmBtu in August. The prices have now moderated to around $30 per mmBtu.
