Supply & Demand

Indian LNG imports close in on 20 mtpa

The country imported 1.7 mt in October, taking volumes to 14.9 mt over the first 10 months of 2017 The country imported 1.7 mt in October, taking volumes to 14.9 mt over the first 10 months of 2017.
By Andrew Walker 8 January 2018 0 28981

India’s LNG imports were up by 14% year on year in October, reaching 1.7 mt. This is the most LNG the country has imported in a single month since November 2016, according to statistics from the Department of Commerce. Angola, Australia and Nigeria were the biggest suppliers to India after Qatar. 

Indian LNG imports, October 2017

Country Volume, tons Value, $ million Cost, $/MMBtu Cost in 2016, $/MMBtu Cost in 2015, $/MMBtu
Qatar 812,899 319.84 7.60 6.69 10.89
Angola 236,678 77.98 6.36
Nigeria 197,189 67.06 6.57 5.62 10.59
Australia 147,752 63.84 8.34 14.34 7.64
UAE 69,649 31.50 8.73 7.54
Egypt 66,666 26.72 7.74
Eq. Guinea 66,581 22.28 6.46 5.61
Oman 66,100 22.46 6.56 8.29
Trinidad 65,130 21.14 6.27 6.09 12.52
           
Total 1,728,643 652.82
Average 7.29 6.41 9.57
Source: Department of Commerce

India imported 14.9 mt over the first 10 months of 2017,...