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India's LNG imports rose by 40% year-on-year in August 2026, reaching their highest level since October 2020 at 2.6 million tons, despite higher spot prices compared to pre-Iran war levels. This increase was driven by the need to offset domestic supply shortages and ongoing shipments through the Strait of Hormuz, which accounts for about one-fifth of global gas trade. Expectations are that Indian demand for gas will increase by 60% by 2030. A large portion of the shipments was used for the government-supported fertilizer sector, with some purchases made at record prices due to global market disruptions. India ranks fourth worldwide in LNG imports, and its demand for natural gas remains strong despite domestic production, which amounted to 36.1 billion cubic meters in the 2024-2025 fiscal year.
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