India’s imports of liquefied natural gas (LNG) for the month of April 2019 was 2502 million metric standard cubic metres (MMSCM), an increase of 9.7% over the corresponding month of the previous year, according to latest data from 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 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.
LNG was procured during the month by Petronet LNG Ltd., GAIL (India) Ltd., Gujarat State Petroleum Corporation Ltd., Reliance Industries Limited, Torrent Power Limited, Shell (formerly Hazira LNG Pvt. Ltd.), Indian Oil Corporation Limited & Bharat Petroleum Corporation Limited.