Why did India's LNG imports decrease in March 2026?

India's LNG imports decreased significantly in March 2026 because global spot prices for LNG nearly doubled to $25/MMBtu, and supply chains faced strain.

How has Qatar's role as an LNG supplier to India changed?

Qatar's share in India's LNG supply dramatically decreased from 39.6% in February to 3.6% in March, marking a significant shift in sourcing patterns.

Which sectors are prioritized for LNG demand in India?

Under supply stress, India is prioritizing LNG demand towards the fertilizer and city gas sectors, with city gas largely protected and the power sector absorbing the most curtailment.

Home / Business and Economy / India's LNG Imports Plummet Amid Price Surge

India's LNG Imports Plummet Amid Price Surge

4 Apr

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Summary

India's LNG imports dropped 12.5% in March due to soaring global prices.
Qatar's share of India's LNG supply fell dramatically to just 3.6%.
Demand is being prioritized towards fertilizers and city gas sectors.

India's LNG Imports Plummet Amid Price Surge

India experienced a substantial 12.5% month-on-month decrease in liquefied natural gas (LNG) imports in March, reaching 1.68 million tonnes. This decline was directly linked to a doubling of global spot prices to $25/MMBtu, alongside supply chain disruptions, exacerbating a trend that began in February.

The most striking shift occurred in India's sourcing pattern, with Qatar's traditional dominance collapsing. Qatar's share of LNG supply plummeted from approximately 39.6% in February to a mere 3.6% in March. This significant pivot saw Oman emerge as the top supplier, followed by the United States and Nigeria, diversifying India's import basket.