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Indian LNG import rise

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April 29 (LNGJ) – Indian LNG imports in March increased by more than 20 percent to 2.12 million tonnes from 1.76MT in the same month of the previous year, according to data from the Ministry of Petroleum and Natural Gas. However, domestic natural gas production fell in March by 14.4 percent to 2.41 billion cubic metres from 2.81 Bcm in March 2019. Indian imports cost around $700 million for March, unchanged from a year ago as bigger volumes were purchased at lower prices.

   For the April-to-March fiscal year, shipments rose by more than 17 percent to 24.9MT from 21.3MT in the previous fiscal year. Import costs for the fiscal year fell to $9.5 billion from $10.3Bln in the previous 12-month period.