India to overtake China in this field; and heres why
India is set to takeover China in terms of being biggest importer of liquefied petroleum gas (LPG) this month.
The consumption of LPG is said to have boosted in India as it has replaced burning of wood and animal dung in many
The Indian and Chinese import data was compared in report of Thomson Reuters Eikon.
While the LPG shipments to India will reach 2.4 million tonnes in December, China’s is hovering around on 2.3 million tonnes, for the first time.
It need be mentioned that India’s LPG purchases have surged from just 1 million tonnes a month in early 2015 on the back of a government programme to bring energy to millions of poor households relying on open fires.
India’s average monthly imports in 2017 of about 1.7 million tonnes are well still behind China’s 2.2 million tonnes but it has jumped ahead of third-placed Japan on about 1 million tonnes.
China, India and Japan together make up about 45 percent of global LPG purchases. >