US turns into India’s largest LNG provider as Qatar’s share slumps 91% throughout Might July: Report
The US equipped 2.19 MT of LNG throughout Might-July, registering a 253% year-on-year enhance to emerge as India’s largest provider. Nigeria adopted with 1.31 MT (+124%), whereas Oman equipped 1.22 MT, recording the sharpest development amongst main suppliers at 341%. Angola contributed 0.80 MT, whereas UAE shipments declined 34% to 0.55 MT. Qatar’s provides fell to simply 0.23 MT, down 91% from the year-ago interval.
India’s LNG Imports (Might–July 2026)
| Provider | Quantity (MT) | YoY Change |
|---|---|---|
| United States | 2.19 | +253% |
| Nigeria | 1.31 | +124% |
| Oman | 1.22 | +341% |
| Angola | 0.80 | +71% |
| UAE | 0.55 | -34% |
| Qatar | 0.23 | -91% |
| Others | 0.78 | +7% |
| Complete | 7.08 | +15% |
India’s pure gasoline consumption
The report additionally highlighted a restoration in India’s pure gasoline consumption. Complete gasoline demand rose to 197 million metric commonplace cubic metres per day (mmscmd) in June, up 7% month-on-month and a couple of% year-on-year. Ex-power demand elevated to 176 mmscmd, approaching pre-disruption ranges.
LNG consumption climbed to 110 mmscmd, registering development of 13% over Might and 10% from a yr earlier, whereas home gasoline consumption remained secure at 87 mmscmd. Consequently, import dependence stood at 56%, underlining the rising function of imported LNG in assembly India’s vitality wants.
The restoration in gasoline demand was broad-based throughout sectors. Metropolis Gasoline Distribution (CGD) remained the most important client at 58 mmscmd, adopted by the fertiliser sector at 55 mmscmd and miscellaneous industries at 41 mmscmd. Gasoline demand from the facility sector improved to 21 mmscmd, whereas refineries consumed 15 mmscmd. Petrochemical demand recovered to 7 mmscmd, though it remained 48% decrease than a yr in the past.
LNG imports
India additionally maintained wholesome LNG imports regardless of elevated world costs. LNG berth arrivals stood at 2.4 MT in Might and a couple of.3 MT in June, taking first-quarter FY27 arrivals to six.2 MT. Provisional knowledge confirmed arrivals of two.1 MT in July.
Globally, the report famous that China’s LNG imports have moved above seasonal averages after a subdued begin to the yr, growing competitors for versatile cargoes. In the meantime, European gasoline storage stood at 58%, under historic averages forward of winter, whereas Asian spot LNG costs remained above USD 20 per mmbtu.
Equirus expects India’s gasoline demand to stay robust in July at ranges just like or marginally under June as a consequence of softer energy demand, earlier than moderating in August due to decrease demand from Morbi and seasonal elements.
