India’s natural gas production will double in four years

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By 2021-22, this mix is expected to undergo a significant change with private JVs accounting for the largest chunk – 40.3 bcm – followed by ONGC’s production at 27.8 bcm and OIL contributing 3.7 bcm of gas.

New Delhi: India’s natural gas production is expected to double to 72 billion cubic meter in next four years through 2022. the oil ministry recently told a Parliamentary panel. The government is currently working on a plan to shift the country towards a gas-based economy.

The nation produced 35 bcm of natural gas last financial year (2017-18). Of this, state-owned explorer Oil and ONGC accounted for 24.2 bcm or 68 per cent, Oil IndiaLtd (OIL) produced 2.9 bcm and private firms and their joint ventures accounted for the rest 7.9 bcm.

By 2021-22, this mix is expected to undergo a significant change with private JVs accounting for the largest chunk – 40.3 bcm – followed by ONGC’s production at 27.8 bcm and OIL contributing 3.7 bcm of gas.

India’s natural gas production will double in four years: Oil Ministry

 

 

 

 

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