Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

India’s LNG imports recover in March.


Date: 14-05-2015
Subject: India’s LNG imports recover in March
LNG imports from India’s four major companies were up by 7% for the April 2014-March 2015 fiscal year. The total amount of LNG imported came to 11.46 mt, up from 10.76 mt in 2013-2014, according to the Ministry of Petroleum and Natural Gas’s Petroleum Planning and Analysis Cell (PPAC).

Data published by the PPAC is compiled from four of India’s five LNG-importing companies, but excludes Reliance, meaning total imports for the year will be higher.

India’s total LNG imports in January were down by 6% on an annual basis. This was the first time total monthly imports had slipped below 1 mt for 11 months.

India imported 13.94 mt of LNG in 2014, an increase of 6% – or 900,000 tons – from 2013, according to Department of Commerce data calculated for the calendar year.

The majority of India’s LNG comes from Qatar under a long-term contract for 7.5 mtpa between Petronet and RasGas. India is in negotiations to reduce the amount of LNG received under this contract by at least 10%, as domestic demand for gas has fallen.

Gas sales fell by 25% in February to 2.8 bcm, and are down by 10% on last quarter, while the amount of LNG regasified fell by 22%.

India paid an average of $13.71/MMBtu for Qatari LNG between April 2014 and January 2015. Asian spot prices have fallen below this level, making it more desirable for companies to purchase from the spot market.

Although LNG spot prices fell between November 2014 and March 2015, they were still above the $5.05/MMBtu domestic gas price. The price for April to September is set at $4.66/MMBtu, which is intended to increase demand for gas – particularly as a fuel for power generation.

Low demand, coupled with ongoing delays on pipeline construction at the Kochi LNG plant, led the terminal to reload its first cargo this year. The delivery arrived at South Korea’s Tongyeong LNG terminal in February.

Source : hellenicshippingnews.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
9
+
4


What is New?

Date: 28-02-2025
Notification No. 12/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 14-02-2025
Notification No. 10/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 13-02-2025
Notification No. 14/2025-Customs
Seeks to amend Notification 11/2021-Customs dated 01.02.2021 to amend AIDC rate on Bourbon whiskey

Date: 11-02-2025
NOTIFICATION No. 09/2025–Central Tax
Seeks to bring rules 2, 8, 24, 27, 32, 37, 38 of the CGST (Amendment) Rules, 2024 in to force

Date: 03-02-2025
[F. No. CBIC-190354/236/2021-TRU]
Corrigendum to Notification No. 50 of 2024 Customs, dated the 30th December, 2024.

Date: 01-02-2025
Notification No. 13/2025-Customs
Seeks to further amend notification No. 153/94-Customs dated the 13 th July, 1994.

Date: 01-02-2025
Notification No. 12/2025-Customs
Seeks to further amend notification No. 19/2019 dated 06 th July 2019.

Date: 01-02-2025
Notification No. 11/2025 – Customs
Seeks to further amend notification No. 25/2002-Customs, dated the 1st March, 2002 so as to add capital goods to the already existing list of capital goods exempted from basic customs duty for manufacture of lithium-ion battery of mobile phones and electrically operated vehicles.

Date: 01-02-2025
Notification No. 09/2025-Customs
Seeks to further amend notification No. 16/2017-Customs, dated the 20 th April, 2017 so to exempt certain drugs for supply under Patient Assistance Programme run by specified pharmaceutical companies.

Date: 01-02-2025
Notification No. 07/2025-Customs
Seeks to further amend notification No. 11/2018-Customs dated 02 th February, 2018 so as to exempt specified goods from the whole of levy of Social Welfare Surcharge.



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001