Indian LNG imports jump 15 percent for current fiscal year to January as prices drop and demand increases
Indian liquefied natural gas imports increased by 15 percent for the first 10 months of the fiscal year so far and by 26 percent in January as an additional terminal was available and as prices declined by 27 percent since last year while demand continued to grow.
Indian LNG imports stay on downward path but rate of fall slows amid higher prices and more domestic gas
Indian liquefied natural gas imports dropped for a third month, though by a lesser amount that the previous two months as the costs of LNG shipments soared, though falling volumes were again offset by offshore domestic natural gas pipeline supplies on the East Coast.
Indian LNG imports jump and head for 2020 record on rising demand backed by more terminal capacity
Indian liquefied natural gas imports increased by almost 12 percent last month and were on track for record fiscal-year and calendar-year totals as shipments increased due to rising demand, backed by higher terminal capacity use and a steady infrastructure build-out.
Indian LNG imports jump as shipments head for fiscal-year record with more terminals starting up
Indian liquefied natural gas monthly imports increased by more than 16 percent last month and were back on track for a record fiscal-year total as cargo shipments rose along with economic activity and the nation was set to have its seventh regasification facility in early 2021.
Indian LNG imports drop 30 percent during April lockdown and shipment costs were 50 percent lower
Indian liquefied natural gas imports dropped by almost 30 percent last month and the import bill was also half what it was in April 2019 as the Covid-19 pandemic resulted in a lockdown and affected trade activities.
LNG import for the month of April amounted 1.44. million tonnes, or around 20 cargoes, which was 29.4 percent lower than April 2019 when 2.04MT, or 29 cargoes, were delivered, according to provisional data from the Ministry of Petroleum and Natural Gas.
The LNG deliveries to India came mainly from Qatar, Australia, the US and West Africa.
The cost of the April 2020 cargoes amounted to around $400 million compared with $800M in April 2019.
The Ministry said that gross production of natural gas for April 2020 was 2.161 billion cubic metres, a drop of 18.6 percent compared the same month a year ago when output totaled 2.656 Bcm.
The total of LNG imports has been rising to more than 350 cargoes a year as more infrastructure is constructed, including pipelines to reach more industrial and city-gas customers.
The main operating terminals on India’s West Coast are at Dahej, Hazira and Dabhol, near Mumbai.
The newest terminal at Mundra, north of Mumbai, and is now operational and awaiting more shipments.
There is additionally the Kochi facility in the southwest state of Kerala and one East Coast terminal at Kamarajar, 25 kilometres north of Chennai Port in Tamil Nadu, and also known as Ennore.
Indian LNG imports in March 2020 had increased by more than 20 percent to 2.12MT from 1.76MT in the same month of the previous year.
For the April-to-March 2019-2020 fiscal year, shipments rose by more than 17 percent to 24.9MT from 21.3MT in the previous fiscal year.
With the opening of the Mundra terminal, India now has 42.5 million tonnes per annum of regasification capacity.
Of the LNG import terminals in full commercial use, capacity utilisation at Dahej was 103.1 percent through March 2020 and total capacity is 17.5 MTPA.
At Hazira it was 97.96 percent from 5 MTPA, while at Dabhol it was 32.9 percent from 5 MTPA.
The utilization at the Kochi facility was 16.6 percent in March from 5 MTPA and at Kamarajar (Ennore) it was 9.0 percent from 5 MTPA.
The newest Mundra terminal had 29.63 percent capacity utilization from 5 MTPA of capacity.
The Mundra facility is co-owned by Gujarat State Petroleum Corp. and the Adani Group and is designed with two storage tanks.
India's import costs for the previous full 2019-2020 fiscal year fell to $9.5 billion from $10.3Bln in the previous 12-month period.
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Indian LNG imports surge for a fifth month and are boosted by US and West African shipments
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.
