Despite the liquefied natural gas (LNG) market being constrained in the recent past, India has maintained its position as the world’s fourth largest buyer of LNG after Japan, South Korea and China. The market first […]
India’s exploration and production (E&P) segment, a cornerstone of the oil and gas industry, plays a critical role in the country’s energy security and economic growth. India’s economic growth is closely linked to its energy […]
By Prashant Vasisht, Senior Vice President and Co-Group Head, ICRA Limited The role of the hydrocarbon sector is vital in maintaining India’s economic growth momentum. Domestic crude oil consumption has increased to 262.5 million metric […]
India’s energy requirement is primarily met through crude oil, natural gas, coal and renewable energy. The oil and gas sector is among the eight core industries in India, influencing its overall economic and industrial activities. […]
The demand for oil and gas in India currently exceeds the supply by a huge margin. To bridge this gap between demand and supply, India has resorted to importing oil and gas. To this end, […]
The share of natural gas in the energy basket stood at 6.5 per cent in April 2023. The government is working towards increasing this to 15 per cent by 2030. While this is lower than […]
Despite the liquefied natural gas (LNG) market being constrained for the past two to three years, India has maintained its position as the world’s fourth-largest buyer of LNG, after Japan, South Korea and China. The market […]
Digital transformation has revolutionised the oil and gas sector in the past few years. Recent digital initiatives include advanced analytics platforms for process unit optimisation and asset performance, big data integration technology and services, pervasive […]
India is looking to transform into a gas-based economy as it targets to increase the share of natural gas in its energy mix from 6 per cent in 2019 to 15 per cent by 2030. […]
India is the third largest primary energy consumer in the world after China and the US. With its growing population and urbanisation there will be a growing need for affordable energy in the country. The […]
India is the third-largest energy consumer in the world, after China and the US, with a share of around 5.8 per cent of the world’s primary energy consumption. The country’s energy requirement is fulfilled primarily […]
The city gas distribution (CGD) sector aims to promote green fuel such as piped natural gas (PNG) for domestic and industrial consumption, and compressed natural gas (CNG) for the automobile industry. The sector has witnessed […]
Backed by government support and enabling policy interventions, India will more than double the area under exploration and production (E&P) of oil and gas to 0.5 million square km by 2025 and 1 million square […]
India is the world’s fourth-largest buyer of liquefied natural gas (LNG), after Japan, South Korea and China. The LNG market in India has been witnessing strong fluctuations, mostly owning to Covid-related restrictions in the economy. […]
Digitalisation in the oil and gas sector has become inevitable to meet the rising energy demands. The pandemic magnified the existing demand-supply imbalance in the sector. It also brought to light the need for digital […]
The oil and gas sector is among the eight core industries in India. The country’s economic growth is closely related to the growth of the energy sector. Thus, the government has been undertaking a gamut […]
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