India’s imports of liquefied natural gasoline (LNG) for the month of April 2019 become 2502 million metric standard cubic metres (MMSCM), an boom of 9.7% over the corresponding month of the preceding yr, according to latest information from the Petroleum Planning & Analysis Cell and Ministry of Petroleum and Natural Gas.
The growth comes after a 5-month period of decrease yr-on-yr imports between November 2018 and March 2019, wherein the average LNG imports had been 10.Four% decrease at 69.5mmscmd than the corresponding five-month length final year.
The 0.Three% year-on-year discount in domestic natural gas manufacturing in April 2019 coupled with four.2% yr-on-year growth in consumption demand seems to have driven the growth in LNG imports.
LNG became procured all through the month via Petronet LNG Ltd., GAIL (India) Ltd., Gujarat State Petroleum Corporation Ltd., Reliance Industries Limited, Torrent Power Limited, Shell (previously Hazira LNG Pvt. Ltd.), Indian Oil Corporation Limited & Bharat Petroleum Corporation Limited.
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