India's March 2024 natural gas output surges by 6.2%
OIL & GAS

India's March 2024 natural gas output surges by 6.2%

According to the latest report from the Petroleum Planning & Analysis Cell, the gross production of natural gas for the month of March 2024 had reached 3,138 mmscm, marking a 6.2% increase compared to the same month in 2023.

The report indicated that the net production for sale stood at 2,571 mmscm, reflecting a 5.7% rise year-on-year. This growth was attributed to the ongoing efforts in domestic production by companies such as ONGC, OIL, and various joint ventures.

LNG imports during March 2024 had amounted to 2,522 mmscm, showing a decrease of 1.1% from March 2023, suggesting a balanced reliance on both domestic production and imports.

The total availability of natural gas for sale in March 2024 had reached 5,093 mmscm, indicating a 2.2% increase from the previous year.

It was reported that the total consumption had been 6,066 mmscm, with the fertilizer sector accounting for 28% of the consumption, City Gas Distribution (CGD) 20%, power generation 11%, refinery operations 11%, and petrochemicals 4%. This showcased the diverse demand across various sectors.

It was further highlighted that the refinery sector had shown the highest cumulative growth, with a 49% increase from April 2023 to March 2024, while CGD consumption had grown by 12%, and the fertilizer sector's consumption had increased by 8% over the same period.

According to the latest report from the Petroleum Planning & Analysis Cell, the gross production of natural gas for the month of March 2024 had reached 3,138 mmscm, marking a 6.2% increase compared to the same month in 2023. The report indicated that the net production for sale stood at 2,571 mmscm, reflecting a 5.7% rise year-on-year. This growth was attributed to the ongoing efforts in domestic production by companies such as ONGC, OIL, and various joint ventures. LNG imports during March 2024 had amounted to 2,522 mmscm, showing a decrease of 1.1% from March 2023, suggesting a balanced reliance on both domestic production and imports. The total availability of natural gas for sale in March 2024 had reached 5,093 mmscm, indicating a 2.2% increase from the previous year. It was reported that the total consumption had been 6,066 mmscm, with the fertilizer sector accounting for 28% of the consumption, City Gas Distribution (CGD) 20%, power generation 11%, refinery operations 11%, and petrochemicals 4%. This showcased the diverse demand across various sectors. It was further highlighted that the refinery sector had shown the highest cumulative growth, with a 49% increase from April 2023 to March 2024, while CGD consumption had grown by 12%, and the fertilizer sector's consumption had increased by 8% over the same period.

Next Story
Resources

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Next Story
Real Estate

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Next Story
Real Estate

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement