India's natural gas production rises 2.9% in June
POWER & RENEWABLE ENERGY

India's natural gas production rises 2.9% in June

In June 2024, India's natural gas sector experienced significant growth, with LNG imports increasing by 13.6% to 2704 million standard cubic meters (MMSCM) compared to the same month the previous year, as reported by the Petroleum Planning & Analysis Cell (PPAC). Gross natural gas production for June reached 2993 MMSCM, marking a 2.9% rise from June 2023.

The total natural gas available for sale also saw a notable increase, reaching 5195 MMSCM, which was an 8.7% rise from the previous year. During the month, the total consumption amounted to 6249 MMSCM. Of this, the fertilizer sector accounted for 27%, city gas distribution (CGD) used 20%, and the power sector consumed 18%. Refineries and petrochemicals made up 7% and 5% of the consumption, respectively. After accounting for internal consumption and flaring by gas producers, the net production available for sale was approximately 83.26% of the gross production.

In terms of sectoral consumption, the power sector saw the most significant growth, with consumption increasing by 40.8% year-on-year to 3307 MMSCM. The CGD sector reported a 16.6% increase, with consumption rising to 3722 MMSCM. The refinery sector's consumption grew by 27.7% to 1585 MMSCM, while the petrochemical sector experienced an 8.2% increase, reaching 727 MMSCM. The 'others' category, which encompasses various sectors, grew by 31.4%, totaling 4464 MMSCM.

For the first quarter of FY 2023-24, total consumption reached 18773 MMSCM, reflecting an 18.4% increase compared to the same period the previous year, highlighting the growing demand and evolving consumption trends in India's natural gas sector.

In June 2024, India's natural gas sector experienced significant growth, with LNG imports increasing by 13.6% to 2704 million standard cubic meters (MMSCM) compared to the same month the previous year, as reported by the Petroleum Planning & Analysis Cell (PPAC). Gross natural gas production for June reached 2993 MMSCM, marking a 2.9% rise from June 2023. The total natural gas available for sale also saw a notable increase, reaching 5195 MMSCM, which was an 8.7% rise from the previous year. During the month, the total consumption amounted to 6249 MMSCM. Of this, the fertilizer sector accounted for 27%, city gas distribution (CGD) used 20%, and the power sector consumed 18%. Refineries and petrochemicals made up 7% and 5% of the consumption, respectively. After accounting for internal consumption and flaring by gas producers, the net production available for sale was approximately 83.26% of the gross production. In terms of sectoral consumption, the power sector saw the most significant growth, with consumption increasing by 40.8% year-on-year to 3307 MMSCM. The CGD sector reported a 16.6% increase, with consumption rising to 3722 MMSCM. The refinery sector's consumption grew by 27.7% to 1585 MMSCM, while the petrochemical sector experienced an 8.2% increase, reaching 727 MMSCM. The 'others' category, which encompasses various sectors, grew by 31.4%, totaling 4464 MMSCM. For the first quarter of FY 2023-24, total consumption reached 18773 MMSCM, reflecting an 18.4% increase compared to the same period the previous year, highlighting the growing demand and evolving consumption trends in India's natural gas sector.

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000