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Date: 01/07/2024

LNG imports dip

India’s LNG imports fell 7.2% year-on-year in May 2024 as domestic demand stagnated and local production expanded. India imported 2,650 million metric standard cubic meters (MMSCM) of LNG in May, lower than 2,854 MMSCM a year earlier, according to Oil Ministry data. The country consumed 5,708 MMSCM of natural gas in May, 0.3% higher than in the same month a year earlier. Domestic production of natural gas expanded 6.7% in May from a year earlier to 3,105 MMSCM, helping offset the decline in imports. LNG prices have risen in recent months on demand from Asia, with intense summers requiring energy for cooling, as per a report.
 
source; Exim News Service: New Delhi, June 30



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