West Asia conflict cuts India’s May LNG imports 21% to 2.27 billion standard cubic metres

India’s LNG imports fell 21% year on year in May to 2.27 billion standard cubic metres after the conflict in West Asia disrupted energy cargoes moving through the Strait of Hormuz. Natural gas consumption and domestic output also declined, while import dependence eased to 44.8%. Even as LNG inflows fell, India increased purchases of Russian crude, with May volumes up 21% month on month and several refineries logging multi-year highs in Russian arrivals.