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Oman Becomes India’s Top LNG Supplier as Imports Shift
India bought more liquefied natural gas from Oman than from any other country in September.
Oman sent 585,000 tonnes, while Nigeria was second and the United States was third.
US shipments dropped sharply compared with August.
India also bought less LNG overall than it did the month before.
Supplies from Qatar were much lower, following disruption at a major gas facility after an Iranian strike in March.
India relies on imports for nearly half of its LNG needs.
Many shipments from West Asia pass through the Strait of Hormuz.
India is seeking suppliers from more countries to reduce risks from disruptions.
India imported 585,000 tonnes of LNG from Oman in September, making it the country’s largest supplier.
Oman supplied 27% of India’s September LNG imports, while Nigeria ranked second with 351,000 tonnes.
US shipments fell 59% from August to September, moving the country from first place to third.
India’s total LNG imports declined 14% month-on-month to 2.17 million tonnes.
The report links lower Qatari supplies to disruption at Ras Laffan after an Iranian strike in March.
- Who
- India, with Oman as its largest LNG supplier in September.
- What
- Oman overtook the United States as India’s top supplier of liquefied natural gas.
- Where
- India’s LNG imports, with suppliers including Oman, Nigeria, the United States, Qatar, the UAE and Angola.
- When
- September; the report compares volumes with August and cites a disruption in March.
- Why
- India is diversifying energy sourcing amid geopolitical disruptions and supply risks.
Diversification Efforts
Continuing Supply Risks
Reducing exposure to disruptions
Diversification Efforts
India is adding LNG, LPG and crude oil supplies from a wider range of countries to reduce exposure to geopolitical risks.
Continuing Supply Risks
Analysts say LNG and LPG imports remain vulnerable to Gulf supply and shipping disruptions because short-term alternatives are limited.
Key facts
- Oman shipments
- 585,000 tonnes in September, up 11.6% from August
- Oman’s share
- 27% of India’s total LNG imports in September
- Nigeria shipments
- 351,000 tonnes, down 35% from August
- US shipments
- Down 59% from August; the United States accounted for 16% of September imports
- Qatar shipments
- About 94,000 tonnes; Qatar ranked sixth
- Total Indian LNG imports
- 2.17 million tonnes in September, down 14% from 2.5 million tonnes in August
- Import dependence
- India imports nearly half of its LNG requirements
Sources
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