India’s imports of liquefied natural gas (LNG) experienced an increase in December. This month’s grow, reflects the first increase following a decrease for two straight months, according to data from oil ministry’s Petroleum Planning and Analysis Cell (PPAC).
Specifically, India imported 2.17 billion cubic metres of LNG, meaning approximately 1.55 million tonnes on December, highlighting a rise of 4.7% year-on-year.
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Additionally, the costs of the imports were at $0.8 billion, in comparison to $0.7 billion during December in 2017.
India’s domestic production of natural gas has developed by 4.2% to 2.86 Bcm the previous month.
In conclusion, during the timeframe from April to December, India managed to import 20.71 Bcm, in other words approximately 15.1 million tonnes of LNG, reflecting an increase by 7.7% in comparison to the same time last year.