Indian imports in rebound underpinned by Qatargas

Tuesday, 29 January 2019
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Indian liquefied natural gas imports rebounded on a year-on-year basis to jump 4.7 percent in December as more cargoes arrived from Qatar, West Africa and Australia after previous monthly declines. 

LNG deliveries to India’s three main import terminals at Dahej, Hazira and Dabhol near the West Coast port of Mumbai in December totaled 1.57 million tonnes compared with 1.50MT in December 2017.

For the first nine months of the fiscal year the shipments increased by 7.7 percent from April to December when they amounted to 15.33MT versus 14.22MT in the same nine months of the year before, according to the figures from the Indian Ministry of Petroleum and Natural Gas.

Indian shipments had dropped by 17.8 percent in November to 1.56MT from 1.90MT in November 2017, the second monthly decline after six straight months of increases.

The cost of cargoes in December was $800 million versus $700M in the same month of 2017.

LNG imports from April to December 2018 cost $7.5 billion compared with $5.2Bln in the same nine months of 2017.

Domestic production of natural gas in December was 2.86 billion cubic metres, which was higher by 4.2 percent compared with the 2.75 Bcm posted in December 2017.

Production of natural gas in the first nine months of the fiscal year came to 24.65 Bcm compared with 24.68 Bcm in the nine months of fiscal 2017-2018, a decline of 0.12 percent.

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