LNG

India’s LNG imports up 13% in FY 2017-2018

The country imported more than 20 mt of LNG over the period, but prices were significantly higher The country imported more than 20 mt of LNG over the period, but prices were significantly higher.
By Andrew Walker 11 June 2018 0 31227
Indian LNG imports, volume

India’s LNG imports exceeded 20 mt in the 2017-2018 financial year, according to statistics from the country’s Department of Commerce. This is a 13% increase on the previous year, which saw imports of 17.8 mt. 

Price of India’s LNG imports

The average price India paid for LNG in the 2017-2018 financial year was $7.67/MMBtu, which was significantly higher than the previous year, when it paid $6.52/MMBtu. The cost of LNG had grown from a low of...