-
Qatar’s share in India’s LNG imports hits 3-year low as US gains ground
According to the GIIGNL’s 2025 report, India imported 27 million tonnes of LNG in 2024, marking a 23 per cent year-on-year growth, the second-largest global rebound
The move by India to procure more liquefied natural gas (LNG) cargoes from the US to compensate for trade imbalances is eating into the share of its top supplier, Qatar, which hit a three-year low in the 2024 calendar year (CY).
The Arab country, which usually accounts for half of India’s LNG imports, saw its share dip below 50 per cent last year.
GIIGNL, the international association of LNG importers, pointed out in its 2025 annual report that India recorded the second-largest rebound among LNG importers, with shipments hitting 27 million tonnes (mt) last year, an increase of 5 mt, or 23 per cent year over year.
At the end of the 2024 CY, the US share grew to almost one-fifth of India’s cumulative inbound cargoes, more than doubling in a span of five years. It accounted for 19 per cent of the total imports in 2024′
Qatar remained India’s top LNG supplier but its share declined to 42 per cent, compared to 50 per cent in 2023 and 53 per cent in 2022.
The UAE, which lost its spot as India’s second-largest LNG supplier to the US in 2023, cornered a little over one-tenth of the volumes procured by the world’s fourth-largest LNG importer last year.
Share This
