LNG

US cargoes cut average cost of India’s LNG imports

The price of India's LNG imports fell for a second consecutive month in May, with US cargoes among the cheapest The price of India's LNG imports fell for a second consecutive month in May, with US cargoes among the cheapest.
By Andrew Walker 13 August 2018 0 32111
Chart showing Indian LNG imports by source in May

The United States has provided some of India’s cheapest LNG cargoes so far this year, according to data published by the Indian Department of Commerce. India started importing LNG under long-term contracts from the US in April, when it received 224,000 tons of US LNG. It took a further 141,000 tons in May.

The average price of LNG imported by India from the US in April was $7.04/MMBtu compared with an average of $8.34/MMBtu...