Oman Overtakes U.S. as India's Top LNG Supplier in September

Key Facts

1Oman became India’s single largest LNG supplier in September, overtaking the United States which held the top spot for months.

2European competition for U.S. cargoes to fill gas storage ahead of winter shifted supplies away from Asia.

Oman became India’s single largest LNG supplier in September, overtaking the United States which had held the top spot for several months. OilPrice.com reported that Indian imports from Oman rose 11.6% to 0.59 million tons, while shipments from the U.S. dropped by 60.7% to 0.34 million tons during the same period.

European competition for U.S. cargoes to fill gas storage ahead of winter shifted supplies away from Asia as arbitrage economics favored European buyers. Following Oman, Nigeria ranked as India's second-largest supplier with 0.35 million tons, while the United Arab Emirates took the fourth spot with 0.31 million tons in September.