The year 2018-19 witnessed significant efforts by the government to drive investments in the oil and gas sector. It was marked by the government’s decision to hike natural gas prices for the fourth consecutive time […]
India’s energy consumption, which is the third highest in the world, is expected to grow at more than 4 per cent annually and will nearly triple to 607 million tonnes (mt) by the year 2040. […]
During the period 2014-19, India’s crude oil consumption witnessed an increasing trend. As per the latest data available from the Petroleum Planning and Analysis Cell (PPAC), the domestic consumption of petroleum products grew at a […]
The declining trend in the country’s crude oil production has continued with output falling by more than 4 per cent in 2018-19. Import dependence for crude oil to meet the rising energy needs increased to […]
The oil and gas industry worldwide has witnessed volatility over the past decade and has changed in four fundamental ways – domination of US oil production, uncertainty over the clout of the Organization of the Petroleum […]
The government is working towards transforming India into a gas-based economy and has set an ambitious target of raising the share of gas in the primary energy mix from 6 per cent in 2018 to […]
The demand for natural gas in India far exceeds domestic supply. To cater to the unmet demand, the country relies on imports of liquefied natural gas (LNG). The share of LNG in total natural gas […]
A watershed year in the country’s city gas distribution (CGD) segment, 2018-19 witnessed a large number of geographical areas (GAs) being awarded in Rounds 9 and 10 of bidding. Both the rounds received overwhelming response […]
In the past couple of years, the oil and gas sector has taken big steps towards information technology (IT) deployment. IT is increasingly being identified as a strategic tool for improving operational efficiency and minimising […]
The country’s refinery production, in terms of crude oil processed, stood at 257.2 million tonnes (mt) in 2018-19, 2.09 per cent higher than the production in 2017-18. Refinery output for crude oil increased by 3.1 […]
The Indian economy is the world’s third largest economy (in terms of purchasing power parity), growing at an average rate of 7 per cent per annum. The country is also the third largest energy consumer […]
India has seen a continuous growth in the consumption of petroleum products. However, domestic production has failed to keep pace with this growth in demand. This has led to a massive spike in imports. Taking […]
India’s crude oil production fell for the sixth consecutive year in 2017-18 to 35.68 million tonnes (mt), pushing the country’s import dependence further to 82.8 per cent and dampening prospects for the government’s plan to […]
The oil and gas industry across the globe has observed significant price volatility in recent times. Both crude oil and natural gas prices have exhibited an increase owing to factors such as administered crude oil […]
India’s natural gas consumption is expected to increase from 55 billion cubic metres (bcm) in 2016-17 to about 70 bcm by 2022 and 100-110 bcm by 2030. In order to meet this demand, several gas […]
India has been witnessing a continuous growth in the imports of liquefied natural gas (LNG) over the years. This is primarily a result of the significant gap which exists between the demand for natural gas […]
India has city gas distribution (CGD) networks in 91 geographical areas (GAs) operated by 36 firms. With 16,500 km of pipelines in operation, around 4.2 million domestic consumers and over 33,000 industrial and commercial consumers, […]
The Indian oil and gas industry is heavily dependent on imports. As per data from the Petroleum Planning and Analysis Cell, domestic crude production declined from 6 million tonnes (mt) in April-May 2017 to 5.9 […]
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