LNG imports rise as US, Nigeria and Oman offset Hormuz volume loss
India increased its liquefied natural gas (LNG) imports from the US, Nigeria, Oman, and Angola as imports from Qatar plummeted due to the Strait of Hormuz crisis. The country, which relies on LNG for about half of its natural gas needs, managed to offset a decline in imports during March and April by ramping up shipments from alternative sources. This shift occurred despite high global prices and reflects India's prioritization of supply amidst ongoing regional conflicts.