India's LNG imports rose 40% YoY to 2.6 mln tonnes in August, the highest
monthly level since October 2020, vessel-tracking data showed. The surge came
despite higher spot prices as buyers sought alternatives after LNG supplies were
disrupted by conflict involving Iran. Energy Aspects senior global LNG analyst
Kaesher Sumit said much of the recent buying was to supply fertilizer producers
receiving state aid; he added that government limits on domestic gas forced some
city gas distributors into the spot market and pushed some industries to
substitute away from propane, further lifting demand.
