India’s Gas Import Bill Falls 9.4 per cent To $4.8 Billion In FY26

21 Aug 2025 CW Team

India’s natural gas import bill fell 9.4 per cent to $4.8 billion in the first four months of FY26, compared with $5.3 billion in the same period of FY25, according to data from the Petroleum Planning and Analysis Cell (PPAC).

During April–July FY26, the country imported 11,534 million standard cubic metres (mmscm) of LNG, a 12.4 per cent decline year-on-year. In July alone, the bill dropped 20 per cent to $1.2 billion, while import volumes also slipped 20 per cent to 2,946 mmscm.

India’s natural gas consumption fell 7.8 per cent to 23,134 mmscm, while domestic production declined 3 per cent to 11,754 mmscm. State-owned ONGC produced 6,129 mmscm, down from 6,271 mmscm a year earlier, with output remaining below target. Experts attribute the stagnation to ageing fields operated by ONGC and Oil India.

Despite ongoing government efforts to boost domestic oil and gas output through reforms and policy easing, production has remained largely flat, leaving import dependence elevated.

According to ICRA, natural gas demand is projected to grow by 4–6 per cent in FY26, while domestic output will average only about 100 million standard cubic metres per day (mmscmd). As a result, LNG imports are expected to account for around 52 per cent of consumption.

In FY25, India sourced 41 per cent of LNG imports from Qatar, 19 per cent from the US, and 13 per cent from the UAE. India is currently the world’s fourth-largest LNG importer, with a 7 per cent share of global trade, driven by demand from the industrial and oil refining sectors, followed by residential, commercial and transport use.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..