LPG: Ship scarcity hits U.S. imports

With the Persian Gulf, from where 60% of India’s LPG consumption came shut, the U.S. has emerged as a major LPG supplier. In March, 4.5 lakh LPG shipments left the U.S. for India, up from 3.2 lakh and 2.7 lakh tonnes in previous months, as per data from Kpler, a source of global trade intelligence. India imported nearly 10 lakh tonnes in March. In April, however, shipments that left the U.S. for India dropped to 3.72 lakh tonnes and for the half-month in May, it was 1.67 lakh tonnes, as per Kpler. The reason for less lifting in subsequent months,…