Indian LNG imports up 54pc in five years
While LNG volumes are increasing rapidly, the uneven distribution of infrastructure means that bottlenecks remain a barrier to growth
While India cannot match the stellar growth of China’s LNG imports over the past five years, it has nevertheless seen exceptional growth over that period. Such has been the rate of growth that, when the volumes used internally by producers are excluded, LNG (or regasified LNG, RLNG, as it is known in India) supplies more than half of the nation’s gas: 52pc versus 48pc, according to the Ministry of Petroleum & Natural Gas.
After several years during which imports flat-lined, they began to take off in 2015, just as they did in China, as Figure 1 in the proceeding article shows. The compound average annual growth rate since then has been 12pc, with imports in 2018/19 up 54pc on 2014/15.
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