India’s gas imports set to rise, demand reaches pre-pandemic level

India’s gas imports set to rise, demand reaches pre-pandemic level

India’s gas imports are set to rise as GAIL (India) Ltd has reopened its western India imports facility after months of shutdown during the monsoon and as local demand has returned to pre-pandemic levels, its head of marketing said on Monday.

GAIL had stopped importing liquefied natural gas (LNG) cargoes at its 5 million tonnes/year Ratnagiri terminal in western India in May, as the start of the monsoon season makes operations difficult without a breakwater to protect the harbour from large waves.

“Now our imports will be normal as the shutdown is over,” E.S. Ranganathan told Reuters.

GAIL on an average receive 5 LNG cargoes a month at the terminal but its imports have been hit since end-March due to a nationwide lockdown to stem the spread of COVID-19.

India is also adding more stations to sell gas to automobiles, and building pipelines and import facilities as Prime Minister Narendra Modi is keen to boost the share of cleaner fuel in the energy mix to 15% by 2030 from 6.2% now.

Tap To Explore More : Economic Times

Also Read : SEBI Sets Similar Deadlines For Listing Securities On The Basis Of Personal Planning

About The Author