Asia's LNG imports in June decrease slightly from May but remain above last year's levels, driven by India's record imports; US LNG shipments to India rise.
Asia's LNG imports in June are expected to decrease slightly from May but remain above last year's levels, driven by India's record 2.72 million tonnes of imports. This increase is attributed to strong power demand during a heatwave and robust economic growth. US LNG shipments to India are on the rise as an alternative market to Europe. India's GDP is projected to grow 7.8% in the 2023-24 fiscal year.
June 24, 2024
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