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. T
Also in this section
2 December 2024
Crucial role of gas means country is laying the foundations to control physical and trading supply chains
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
Although Iraq remains a major crude exporter, it is still some way from becoming a regional energy supply hub. Ambitious new cross-border schemes aim to rectify that situation
29 November 2024
There are opportunities for attractive returns and greater project success amid a real push by the Iraqi government for reform, as long as there is a shared understanding between the needs of investors and the host government
