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

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..