India boosts natural gas production by 7.8%, imports up 5.4% in April 2024: PPAC
Source：Energyworld
From：Taipei World Trade Center Liaison Office in New Delhi
Update Time：2024/06/27
India's gross production of natural gas in April 2024 reached 2,958 million standard cubic meters (MMSCM), marking a 7.8 per cent increase compared to the same month last year, according to the latest report from the Petroleum Planning & Analysis Cell (PPAC) of the Ministry of Petroleum & Natural Gas. This rise is indicative of the country's ongoing efforts to ramp up domestic production capabilities in the energy sector.
Furthermore, total imports of liquefied natural gas (LNG) reached 2,650 MMSCM during the month, reflecting a 5.4 per cent increase compared to April 2023. These figures underscore India’s continuing reliance on imported LNG to meet its burgeoning energy needs, despite increases in domestic production.
Combined, the available natural gas for April 2024 amounted to 5,087 MMSCM, showing a growth of 7.1 per cent year-over-year. This enhanced availability has been crucial in supporting various sectors of the economy, particularly as India pursues more energy-intensive industrial activities.
"The integration of increased domestic production with strategic imports ensures that India is well-positioned to meet its industrial and commercial energy requirements," commented a senior official from PPAC. "These efforts are aligned with the government's objective to increase the share of natural gas in India's energy mix, contributing to more sustainable economic growth."
The sectoral breakdown of natural gas consumption in April 2024 showed that the fertilizer industry continued to be the largest consumer, using 28 per cent of the total gas supplied. This sector relies heavily on natural gas as a feedstock to produce urea and other fertilizers, critical for India’s agricultural sector.
City Gas Distribution (CGD) accounted for 20 per cent of the consumption, reflecting the government's push towards using natural gas as a cleaner fuel for cooking and vehicular fuel. The power sector, which consumed 16 per cent of the totall, utilizes natural gas for generating electricity, with its relatively lower greenhouse gas emissions compared to coal and oil.
Source: https://energy.economictimes.indiatimes.com/news/oil-and-gas/india-boosts-natural-gas-production-by-7-8-imports-up-5-4-in-april-2024-ppac/110481026?utm_source=top_news&utm_medium=tagListing