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

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.