亚博体育官网首页

India鈥檚 Gas Production Declines, LNG Imports Surge
OIL & GAS

India鈥檚 Gas Production Declines, LNG Imports Surge

In September, India's natural gas production saw a 1.6% decline, reaching 2.8 billion cubic meters (bcm) compared to the same period last year. This dip reflects the country鈥檚 ongoing challenges in maintaining stable domestic production levels amid growing energy demands. Conversely, liquefied natural gas (LNG) imports surged by 13.5%, indicating India's increasing reliance on imported LNG to meet its energy needs as the shortfall in domestic production widens.

The surge in LNG imports aligns with India's focus on securing stable energy sources to fuel its expanding industrial base and urban energy requirements. In recent years, the country has pivoted towards enhancing LNG infrastructure and developing terminals to facilitate higher import volumes. However, the reduced production in September highlights ongoing exploration and extraction challenges within the domestic sector, underscoring a need for enhanced efficiency and investment in local gas fields.

India's Ministry of Petroleum and Natural Gas is working to balance import reliance with efforts to boost domestic production, targeting increased gas availability as part of its national energy strategy. The fluctuations in production and import reliance also have implications for pricing and distribution within India's energy market, prompting discussions on long-term energy security and potential policy adjustments to reduce dependence on global LNG markets.

As India moves towards a more gas-based economy in line with its climate goals, the government is focusing on policy adjustments that could stabilize production rates while sustaining imports as necessary. The data from September highlights the balancing act between domestic capacity-building and securing import avenues to meet surging demand effectively.

In September, India's natural gas production saw a 1.6% decline, reaching 2.8 billion cubic meters (bcm) compared to the same period last year. This dip reflects the country鈥檚 ongoing challenges in maintaining stable domestic production levels amid growing energy demands. Conversely, liquefied natural gas (LNG) imports surged by 13.5%, indicating India's increasing reliance on imported LNG to meet its energy needs as the shortfall in domestic production widens. The surge in LNG imports aligns with India's focus on securing stable energy sources to fuel its expanding industrial base and urban energy requirements. In recent years, the country has pivoted towards enhancing LNG infrastructure and developing terminals to facilitate higher import volumes. However, the reduced production in September highlights ongoing exploration and extraction challenges within the domestic sector, underscoring a need for enhanced efficiency and investment in local gas fields. India's Ministry of Petroleum and Natural Gas is working to balance import reliance with efforts to boost domestic production, targeting increased gas availability as part of its national energy strategy. The fluctuations in production and import reliance also have implications for pricing and distribution within India's energy market, prompting discussions on long-term energy security and potential policy adjustments to reduce dependence on global LNG markets. As India moves towards a more gas-based economy in line with its climate goals, the government is focusing on policy adjustments that could stabilize production rates while sustaining imports as necessary. The data from September highlights the balancing act between domestic capacity-building and securing import avenues to meet surging demand effectively.

Next Story
Infrastructure Urban

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..

Next Story
Infrastructure Urban

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Next Story
Infrastructure Urban

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement