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India LNG Consumption Rose 2.7% m/m in May: PPAC

LNG

India’s LNG consumption in May edged up by 2.7% from April and just 0.3% higher on the year to 5.708bcm, according to data from the Petroleum Planning and Analysis Cell.

  • Imports were unchanged on the month at 2.65bcm, representing a fall of 7.1% on the year.
  • Net production was up 5.2% on the month and 7.8% on the year at 3.058bcm.
  • LNG imports are expected to rise sharply in the next two years driven by gas fired power from policy measures and gas flexibility, according to Reuters last week. LNG demand is set to increase by 19% in 2024 to more than 28m metric tons in 2025, according to ICIS.

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