-
Natural gas consumption rises 12%, LNG imports jump 18% in H1 FY25
India’s domestic natural gas production recorded a modest growth of 1.6% during April-September 2024, increasing to 18,160 MMSCM from 17,879 MMSCM in the corresponding period of 2023, according to a report by the Petroleum Planning & Analysis Cell (PPAC). The marginal rise was attributed to an 8.6% production increase in PSC/JV fields and a 3.9% boost in Oil India Limited’s (OIL) nomination fields. However, production from ONGC nomination fields witnessed a decline of 3.5%.
LNG imports see double-digit growth
Liquefied Natural Gas (LNG) imports surged by 18.03% to 18,915 MMSCM during April-September 2024 from 15,416 MMSCM in the same period last year. In value terms, the imports rose by 17.37%, amounting to $7,613 million compared to $6,486 million in the previous year.
LNG terminal utilization varied widely, with Dahej terminal operating at 103.9% capacity, while Kochi terminal utilization was at 21.8%.
The city gas distribution (CGD) sector also expanded its footprint, reporting 7,259 CNG stations and over 13.7 million PNG connections across 297 geographical areas (GAs) as of October 1, 2024. CGD sector sales increased by 8% to 41.63 MMSCMD during April-September 2024, driven by a 9% rise in CNG sales and an 8% increase in industrial sector sales. However, domestic and commercial sales dipped by 2%.
Share This
