India Increases Natural Gas Production
OIL & GAS

India Increases Natural Gas Production

India's natural gas production increased by 7.8% in April 2024, reaching 2.86 billion cubic metres. This boost was primarily driven by improved output from key players like ONGC and private companies. Despite this growth, imports also rose by 5.4%, amounting to 2.98 billion cubic metres, indicating robust domestic demand.

The rise in both production and imports highlights India's ongoing efforts to secure its energy future. The government is actively working towards enhancing domestic production capabilities while also ensuring a steady supply through imports. This dual approach aims to meet the growing energy consumption driven by economic expansion and industrial activities.

The increase in natural gas production is part of a broader strategy to reduce dependency on imports and achieve greater energy self-sufficiency. Initiatives to boost exploration and production, along with investments in infrastructure, are crucial to sustaining this growth. However, the simultaneous rise in imports underscores the immediate need to cater to the rising demand, which domestic production alone cannot currently fulfil.

India's strategy includes diversifying import sources and entering long-term agreements to mitigate supply risks and price volatility. The government's focus on natural gas is also aligned with its environmental goals, as natural gas is a cleaner alternative to coal and oil, aiding in the reduction of greenhouse gas emissions.

Overall, India's increase in natural gas production and imports reflects a balanced approach to energy security, combining domestic capability enhancement with strategic international partnerships. This approach is vital for supporting the country's economic growth while transitioning to a more sustainable energy mix.

India's natural gas production increased by 7.8% in April 2024, reaching 2.86 billion cubic metres. This boost was primarily driven by improved output from key players like ONGC and private companies. Despite this growth, imports also rose by 5.4%, amounting to 2.98 billion cubic metres, indicating robust domestic demand. The rise in both production and imports highlights India's ongoing efforts to secure its energy future. The government is actively working towards enhancing domestic production capabilities while also ensuring a steady supply through imports. This dual approach aims to meet the growing energy consumption driven by economic expansion and industrial activities. The increase in natural gas production is part of a broader strategy to reduce dependency on imports and achieve greater energy self-sufficiency. Initiatives to boost exploration and production, along with investments in infrastructure, are crucial to sustaining this growth. However, the simultaneous rise in imports underscores the immediate need to cater to the rising demand, which domestic production alone cannot currently fulfil. India's strategy includes diversifying import sources and entering long-term agreements to mitigate supply risks and price volatility. The government's focus on natural gas is also aligned with its environmental goals, as natural gas is a cleaner alternative to coal and oil, aiding in the reduction of greenhouse gas emissions. Overall, India's increase in natural gas production and imports reflects a balanced approach to energy security, combining domestic capability enhancement with strategic international partnerships. This approach is vital for supporting the country's economic growth while transitioning to a more sustainable energy mix.

Next Story
Resources

CRISIL Upgrades DCCDL’s Rating to AAA (Stable)

CRISIL Ratings has upgraded DLF Cyber City Developers (DCCDL) to CRISIL AAA (Stable) from CRISIL AA+ (Stable), citing sustained strong business fundamentals, high occupancy, and an improving financial risk profile.Sriram Khattar, Vice Chairman & Managing Director, DCCDL, said, “This milestone reflects our commitment to maintaining the highest standards of corporate governance and financial discipline whilst ensuring that our assets meet global benchmarks suitable for our tenant partners.”DCCDL operates a commercial real estate portfolio of 40.4 million square feet (msf), with a 93 per ..

Next Story
Real Estate

New Housing Supply Drops 34% in India’s Top-9 Cities

India’s residential real estate market experienced a 34% decline in new housing supply during the January-March 2025 period, with only 80,774 units launched, compared to 1,22,365 units in the same period last year, according to data from PropEquity.Among the top nine cities, Bengaluru was the only market to record an increase, with new housing supply rising 17% to 20,227 units, up from 17,303 in the year-ago period. In contrast, other major cities witnessed a significant decline. Chennai saw a 46% drop to 3,946 units, while Hyderabad recorded a 38% decline to 8,773 units. Kolkata was among t..

Next Story
Infrastructure Transport

TBM ‘Parvati’ Begins Tunneling on Kanpur Metro Line 2

The Kanpur Metro Project has reached another milestone as Kalpataru Projects International Ltd. (KPIL) – Gulermak JV deployed its third Tunnel Boring Machine (TBM) ""Parvati"" at Rawatpur Station for Line 2. This 8.38 km corridor stretches from Agriculture University to Barra-8.About TBM ParvatiTBM Type: Herrenknecht Earth Pressure Balance (EPB) Machine (Refurbished, Ø6.5m) 7th TBM commissioned for Kanpur Metro Phase 1 3rd TBM for Package KNPCC-11, following TBMs Gomati (S-1408A) and Saraswati (S-839C)Tunneling Assignments First Task: Construct a 750m tunnel for the upline fr..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?