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India’s natural gas production dropped 10 per cent in July
India production of natural gas, a key feedstock for fertilizer, power refineries and City Gas Distribution (CGD) sectors, dropped 10 per cent in July, according to Petroleum Planning & Analysis Cell (PPAC), the oil ministry’s statistical arm.
The country produced 2,443 million standard cubic meter per day (mmscm) of gas last month, as compared to 2,718 mmscm produced in July 2019.
“After flare, loss and internal consumption by gas producing companies, the net production for sale of gas to consuming sectors like power, fertilizer, CGD, refinery, petrochemicals was approximately 76.3 per cent of the gross production during July 2020,” PPAC said.
The drop in production led to a surge in Liquefied Natural Gas (LNG) imports that jumped 6 per cent to 2,963 mmscm during the month as against 2,795 mmscm imported in the same period last year.
After accounting for the dip in local production and the rise in imports the country had a total 4,827 mmscm of natural gas available for sale during July 2020, a 1.7 per cent drop over 4,912 mmscm of gas available in the corresponding month last year.
The total consumption of gas last month stood at 4,414 MMSCM. The fertilizer sector accounted for 33 per cent of the total consumption while the power and refineries sectors accounted for 22 per cent and 14 per cent of the usage.
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