The import bill for October was $1.2 billion, compared to $1.1 billion during the same period last fiscal year. According to the data, the government imported 22,085 million standard cubic meters of LNG (liquified natural gas) between April and October, a 22.2% increase over the same period in FY24. The country’s reliance on imported gas climbed to 51.3% between April and October, up from 46.7% in April and October of fiscal year 24.
Going forward, with rising LNG prices and a tight winter supply picture, India may encounter difficulties in acquiring competitively priced spot LNG cargoes, primarily remaining sidelined, according to global real-time data and analytics firm Kpler.