LNG

Indian LNG imports continued their 2022 decline though at a slower pace as costs in the year-on-year period jumped 65 percent and domestic natural gas output also began to lose some momentum as the nation’s consumption fell.

Indian imports of liquefied natural gas dropped for a ninth straight month, though the rate of decline slowed to 3.5 percent even as LNG prices increased while the fall in cargo deliveries was offset by another rise in domestic gas output.

Shipments of LNG to India dropped for an eighth straight month during April, falling by over 13 percent as costs jumped and rising domestic natural gas production prevented gas shortages while GAIL India also increased pipeline network connections in Punjab.