Domestic Gas prices
August 6, 2019
The price of domestic natural gas increased by nearly 10% for Apr-Sep 2019 period. Price ceiling for gas produced deep water, ultra-deep water and high pressure-high temperature areas increased by 22%.
LNG Vs Alternative Fuels
LNG prices were at a signiﬁcant discount over other alternative fuels and its parity with FO, LPG and Diesel was at 41%, 38% and 20% respectively in June 2019.
Key Price Index
Oil market witnessed signiﬁcant volatility in Q2 2019 due to the US-China trade war and the ongoing Iran tensions. AGer remaining at US$ 71 in April and May, oil prices have declined to about US$64 in June 2019.
Gas Consumption by sector
July 22, 2019
Gas consumption continues to be dominated by fertilizer and power sector, together they account for about 50%. RLNG is the primary source of natural gas for chemicals, reﬁnery and fertilizer sector accounting for 88.9%, 84.7% and 57.7% respectively.
July 22, 2018
No imports at Dabhol and Kochi. Dahej continues to be the mainstay of LNG imports into India taking in 80% of total LNG imports in June 2019.
LNG prices by Contract Type
The price diﬀerential between spot and term cargoes has widen in Q2 2019. Average spot import prices were 30% lower than imports on term basis.
LNG Imports by Contract Type
March 24, 2018
India’s LNG imports were down 4% Y-o-Y to 1.9 MMT in June 2019. Import dependency has increased over the last year. Share of spot imports was 60% in June 2019 as compared to 51% in last June.
Natural Gas Supply
July 22, 2017
Low LNG prices have increased its demand. India’s LNG imports have increased by 11.6% during Apr-May 2019 as compared to same period last year.
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