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US overtaskes UAE as India's second largest LNG supplier

The volume of US LNG exports to India reached 45,269 million cubic feet in May 2024, according to US Energy Information Administration (EIA) figures.

  • The latest data from the U.S. Energy Information Administration (EIA) reveals that liquefied natural gas (LNG) exports from the United States to India have shown noteworthy developments in recent months.
  • The price of US LNG exports to India has seen a notable decrease over the first half of 2024.In January 2024, the cost was $6.57 per thousand cubic feet. By May 2024, this price had dropped to $5.32 per thousand cubic feet.
  • This decline in pricing is reflective of broader trends in the global LNG market and could influence India's energy procurement strategies moving forward.

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