India’s hunger for natural gas being fed by costly imports amid dismal local production


India’s hunger for natural gas being fed by costly imports amid dismal local production

India’s hunger for natural gas to feed key industries in the power and fertilizer sectors is continuing to grow unabated but that demand is increasingly being met by costly imports on the back of dismal domestic production.

The country consumed 174 million standard cubic metre per day (mmscmd) of natural gas in September 2019, a 6 per cent increase over the consumption of 164 mmscmd in the same month last year. The over demand growth stood at 3 per cent in the April-September 2019 period, according to latest data shared by research firm India Ratings.

However, the 6 per cent growth in consumption in September fuelled a massive 18 per cent jump in costly imports of Regasified-Liquefied Natural Gas (R-LNG). Read More

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