LNG

Indian liquefied natural gas imports have plunged by 19 percent amid a continued 2022 decline in the nation’s LNG deliveries because of a slowing economy, a tighter gas market and the falling value of the rupee against the dollar that makes shipments more expensive.

India's Oil and Natural Gas Corp. said a fire broke out at its Hazira gas-processing plant north of Mumbai in the Western state of Gujarat, though it did not affect the nearby Hazira LNG import terminal, operated by Shell India.