+
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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Next Story
Infrastructure Urban

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code