India Clears 21 New Gas Projects with 3.5 bcm Output Target
OIL & GAS

India Clears 21 New Gas Projects with 3.5 bcm Output Target

India greenlit 21 gas development projects in 2024, targeting a combined annual output of 3.5 billion cubic meters (bcm) over the medium term, according to the latest Gas Market Report by the Gas Exporting Countries Forum (GECF).

During the year, over a dozen small gas fields also came online, adding around 1.8 bcm of initial production capacity, with an expected plateau of 3 bcm annually. All of these were conventional gas assets.

“The new projects that reached Final Investment Decision (FID) in 2024 represent a key step in India’s upstream strategy,” GECF said. FID is the last go-ahead before a project moves into full-scale execution.

India’s gas output rose 3.5 per cent in 2024 to 33.8 bcm, led by a push to boost mature field production and accelerate offshore developments.

Offshore fields accounted for 71 per cent of India’s total gas output, though their share has steadily declined from 77 per cent in 2014. Associated gas — produced as a by-product of oil extraction — contributed nearly 30 per cent of the total and has remained stable over the last decade.

Conventional fields dominate India’s gas production mix, contributing 93 per cent, while coal bed methane (CBM) made up 4 per cent — mainly from West Bengal — and tight gas contributed 3 per cent.

India’s proven gas reserves now stand at 1.14 trillion cubic meters (tcm), down over the past five years due to a slowdown in new discoveries. However, the country holds an estimated 2.15 tcm of technically recoverable shale gas, which remains undeveloped and would require significant investment to tap.

India is also emerging as a standout in adopting LNG for transport. While the country currently has fewer than 1,000 LNG trucks on the road, the government plans to convert one-third of the trucking fleet to LNG over the next 5–7 years.

To support this transition, it is expanding LNG refuelling infrastructure and allocating domestic gas — which is cheaper than imported LNG — for transport use. The push is driven by India’s high oil import dependency, which now surpasses even China’s.

India greenlit 21 gas development projects in 2024, targeting a combined annual output of 3.5 billion cubic meters (bcm) over the medium term, according to the latest Gas Market Report by the Gas Exporting Countries Forum (GECF). During the year, over a dozen small gas fields also came online, adding around 1.8 bcm of initial production capacity, with an expected plateau of 3 bcm annually. All of these were conventional gas assets. “The new projects that reached Final Investment Decision (FID) in 2024 represent a key step in India’s upstream strategy,” GECF said. FID is the last go-ahead before a project moves into full-scale execution. India’s gas output rose 3.5 per cent in 2024 to 33.8 bcm, led by a push to boost mature field production and accelerate offshore developments. Offshore fields accounted for 71 per cent of India’s total gas output, though their share has steadily declined from 77 per cent in 2014. Associated gas — produced as a by-product of oil extraction — contributed nearly 30 per cent of the total and has remained stable over the last decade. Conventional fields dominate India’s gas production mix, contributing 93 per cent, while coal bed methane (CBM) made up 4 per cent — mainly from West Bengal — and tight gas contributed 3 per cent. India’s proven gas reserves now stand at 1.14 trillion cubic meters (tcm), down over the past five years due to a slowdown in new discoveries. However, the country holds an estimated 2.15 tcm of technically recoverable shale gas, which remains undeveloped and would require significant investment to tap. India is also emerging as a standout in adopting LNG for transport. While the country currently has fewer than 1,000 LNG trucks on the road, the government plans to convert one-third of the trucking fleet to LNG over the next 5–7 years. To support this transition, it is expanding LNG refuelling infrastructure and allocating domestic gas — which is cheaper than imported LNG — for transport use. The push is driven by India’s high oil import dependency, which now surpasses even China’s.

Next Story
Infrastructure Transport

RAHSTA 2026 to Host Certified Highway Construction Masterclass

RAHSTA 2026 will organise the Certified Highway Construction Masterclass, a specialised two-day corporate training programme for highway construction professionals, on July 8–9, 2026, at the Jio World Convention Centre.The Masterclass will be delivered by RASTA – Center for Road Technology and supported by Construction World and FIRST Construction Council.Designed as an industry-led refresher programme, the Masterclass aims to help engineering and project teams stay updated with the latest advancements in highway construction, pavement technologies, sustainable materials, intelligent compa..

Next Story
Infrastructure Urban

Grand Mercure Mysuru Turns 10; BHVL to Invest Rs 1,000 Crore in Karnataka

Brigade Hotel Ventures Limited (BHVL) has marked the 10th anniversary of its flagship property, Grand Mercure Mysuru, by announcing a major investment plan of around Rs 1,000 crore in Karnataka over the next five years. The company said the investment will be directed towards new hospitality projects as well as modernisation of existing assets, aligning with the evolving demand for experiential tourism.The announcement comes as BHVL reiterated its focus on strengthening Mysuru’s position as a prominent global tourism destination by supporting the local micro-economy and adopting sustainable ..

Next Story
Infrastructure Urban

Ottobock and Celcius Set Up Prosthetics Warehouse in India

Celcius Logistics, a domestic third-party logistics (3PL) company specialising in end-to-end cold-chain solutions, has partnered with Ottobock India, the Indian arm of Germany-based Ottobock, to establish a dedicated prosthetics warehouse and logistics distribution hub in India. As part of the collaboration, a technology-enabled facility has been launched in Thane to streamline storage and nationwide movement of prosthetic and assistive devices.The dedicated warehouse is expected to strengthen the medical supply chain by reducing turnaround time and improving access to prosthetic products acro..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement