India's natural gas production rises 2.9% in June
POWER & RENEWABLE ENERGY

India's natural gas production rises 2.9% in June

In June 2024, India's natural gas sector experienced significant growth, with LNG imports increasing by 13.6% to 2704 million standard cubic meters (MMSCM) compared to the same month the previous year, as reported by the Petroleum Planning & Analysis Cell (PPAC). Gross natural gas production for June reached 2993 MMSCM, marking a 2.9% rise from June 2023.

The total natural gas available for sale also saw a notable increase, reaching 5195 MMSCM, which was an 8.7% rise from the previous year. During the month, the total consumption amounted to 6249 MMSCM. Of this, the fertilizer sector accounted for 27%, city gas distribution (CGD) used 20%, and the power sector consumed 18%. Refineries and petrochemicals made up 7% and 5% of the consumption, respectively. After accounting for internal consumption and flaring by gas producers, the net production available for sale was approximately 83.26% of the gross production.

In terms of sectoral consumption, the power sector saw the most significant growth, with consumption increasing by 40.8% year-on-year to 3307 MMSCM. The CGD sector reported a 16.6% increase, with consumption rising to 3722 MMSCM. The refinery sector's consumption grew by 27.7% to 1585 MMSCM, while the petrochemical sector experienced an 8.2% increase, reaching 727 MMSCM. The 'others' category, which encompasses various sectors, grew by 31.4%, totaling 4464 MMSCM.

For the first quarter of FY 2023-24, total consumption reached 18773 MMSCM, reflecting an 18.4% increase compared to the same period the previous year, highlighting the growing demand and evolving consumption trends in India's natural gas sector.

In June 2024, India's natural gas sector experienced significant growth, with LNG imports increasing by 13.6% to 2704 million standard cubic meters (MMSCM) compared to the same month the previous year, as reported by the Petroleum Planning & Analysis Cell (PPAC). Gross natural gas production for June reached 2993 MMSCM, marking a 2.9% rise from June 2023. The total natural gas available for sale also saw a notable increase, reaching 5195 MMSCM, which was an 8.7% rise from the previous year. During the month, the total consumption amounted to 6249 MMSCM. Of this, the fertilizer sector accounted for 27%, city gas distribution (CGD) used 20%, and the power sector consumed 18%. Refineries and petrochemicals made up 7% and 5% of the consumption, respectively. After accounting for internal consumption and flaring by gas producers, the net production available for sale was approximately 83.26% of the gross production. In terms of sectoral consumption, the power sector saw the most significant growth, with consumption increasing by 40.8% year-on-year to 3307 MMSCM. The CGD sector reported a 16.6% increase, with consumption rising to 3722 MMSCM. The refinery sector's consumption grew by 27.7% to 1585 MMSCM, while the petrochemical sector experienced an 8.2% increase, reaching 727 MMSCM. The 'others' category, which encompasses various sectors, grew by 31.4%, totaling 4464 MMSCM. For the first quarter of FY 2023-24, total consumption reached 18773 MMSCM, reflecting an 18.4% increase compared to the same period the previous year, highlighting the growing demand and evolving consumption trends in India's natural gas sector.

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