Demand Supply Movement of LNG in India: Examining the Existing LNG Contributions in Meeting Industrial Demand

LNG Sourcing in India in 2016 India has been relying upon the imports completely to meet its LNG requirement and strikingly have conducted domestic trade for LNG from 2012 till 2016 apart from the international trade. Majorly Indian imports were supported by Qatar which supplied the country with over 11 MT of same in 2016. Post Qatar, India imported LNG from Nigeria with close to 3 MTs of imports followed by Equatorial Guinea . Sourcing of LNG in India for 2016-17 is shown as per the countries and coupled with sourcing from re-exports are depicted in Exhibit 1. The level of imports in India saw a continuous rise on consistent basis for four years in continuation from 2012 to 2016. The striking fact is the growth in numbers from 2015 to 2016 observed in terms of quantum of imports of LNG which went on high due to requirement of consuming industries grew. The consumption of fertilizer sector is expected to grow in near future and the quantum of imports may further rise in the country as India is pegged among high growth potential markets for LNG imports globally. Demand-Supply Movements of LNG in India : Past Trends from 2012-2016 The

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