India's LNG imports from Qatar drop 93% in March
India's LNG imports from Qatar plummeted 93% to 56,000 tonnes in March due to an attack on QatarEnergy's plant. This has forced India to seek alternative supplies, significantly increasing imports from the US, Oman, and Nigeria.
pre-market1 source ↓written by the desknot a recommendation
- in March
- 93%
- following an attack
- 56,000 tonnes
- rising
- 371%
- 338,869 tonnes
- halved
- 130,000 tonnes
India’s LNG imports from Qatar fell 93% in March to 56,000 tonnes following an attack on QatarEnergy’s Ras Laffan plant. This sharp decline has led to a scramble for alternatives, with imports from the US rising 371% to 338,869 tonnes.
• Imports from the UAE halved to 130,000 tonnes
• Exports from Oman and Nigeria also surged, highlighting India’s shift to the spot market.
This situation underscores India's reliance on single suppliers and may lead to higher prices in the near term.
Not investment advice. For informational purposes only.