LNG

Indian liquefied natural gas imports continued their decline in 2022 because of high prices and competition from the European market, while domestic natural gas output rose amid a fall in the nation’s gas consumption.

Indian liquefied natural gas imports last month dropped by almost 15 percent amid a surge in cargo prices and a slower resumption of full activity because of the Covid-19 pandemic.

Indian liquefied natural gas monthly imports increased again in September as cargo shipments to Asia rose along with economic activity and as prices also edged higher.