Demand Upswing: Efforts to rein in imports and expand domestic oil and gas capacity
The hydrocarbon sector is vital in keeping India’s economic growth engine running. Domestic crude oil consumption has increased from 174.5 million tonnes (mt) in FY 2013 to 247.8 mt in FY 2023, growing at a […]
New Finds: Exploration and production scenario
India’s demand for oil and gas is only partly met by domestic production. The shortfall in supply due to limited indigenous gas production is increasingly being met by liquefied natural gas (LNG) imports. The country […]
Reducing the Gap: Recent developments in the LNG segment
The global liquefied natural gas (LNG) market has witnessed several key developments over the past few years, such as falling gas prices, rising LNG production and enhanced export capacities. Such developments have also impacted the […]