Natural gas consumption rose in January for the first time since May and liquefied natural gas (LNG) imports witnessed the first expansion in at least 15 months in early signs of domestic demand revival helped by a drop in international prices.
India consumed 5.18 billion cubic meters (BCM) of natural gas in January, up 6.4% from a year earlier, according to the oil ministry data. Imports of LNG rose 7.9% to 2.27 BCM. A 4% year-on-year rise in the local production of natural gas in January also helped boost consumption.
