Page 37 - Policy Economic Report - September 2024

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Indian Gas Market

• Gross production of natural gas for the month of August 2024 (P) was 3048 MMSCM which was
lower by 3.7% compared with the corresponding month of the previous year.

• Total import of LNG (provisional) during the month of August 2024 was 2794 MMSCM (P)
(increase of 17.4 % over the corresponding month of the previous year).

• Natural gas available for sale during August 2024 was 5437 MMSCM (increase of 1.2% over the
corresponding month of the previous year).

• Total consumption during August 2024 was 5971 MMSCM (provisional). Major consumers were
fertilizer (29%), City Gas Distribution (CGD) (20%), Power (12%), Refinery (8%) and Petrochemicals
(4%).

Monthly Report on Natural gas production, imports, and consumption – August 2024

1. Domestic Natural Gas Gross Production:

Domestic natural gas gross production for the month of August 2024 was 3048 MMSCM (decrease of
3.7% over the corresponding month of the previous year).

Figure 18: Domestic natural gas Gross production (Qty in MMSCM)

Source- PPAC Page | 36

September 2024