LNG

Indian liquefied natural gas imports went into reverse last month and fell by more than 7 percent even as prices declined and more regasification infrastructure was put in place, while the need for imports was offset by growth in domestic gas output, including coal-bed methane.

Indian liquefied natural gas imports dropped by 24 percent in May at prices lower than a year ago to reverse April’s brief rebound as domestic gas production was also flat while the start of the monsoon season in June has coincided with higher cargo prices.

Indian liquefied natural gas imports edged higher in May as they recovered quickly from the previous month’s slump as the nation emerged from the Covid-19 lockdown.