LNG

Indian liquefied natural gas imports plunged over 20 percent for a second successive month as the costs of LNG shipments soared, though falling volumes were again offset by offshore domestic natural gas pipeline supplies on the East Coast.

India posted a drop of more than 14 percent in liquefied natural gas imports last month amid higher prices and as the economy still lagged because of low industrial demand and the ongoing impacts of Covid-19.

Indian liquefied natural gas imports jumped for a fifth month of the current fiscal year as volumes received rose more than 10 percent with supplies coming from Atlantic Basin countries such as the US, Nigeria and Angola and traditional suppliers like Qatar.