The demand for oil and gas in the country currently exceeds supply by a wide margin. In order to bridge this demand-supply gap, India has resorted to importing crude oil. Domestic natural gas production in […]
The oil and gas sector is among the eight core industries in India. It plays a crucial role in influencing decision-making for all other crucial sections of the economy. As the economic growth of the […]
The city gas distribution (CGD) sector supplies gas to four categories of consumers – piped natural gas (PNG) to households, industrial and commercial consumers and compressed natural gas (CNG) to the transport segment. The CGD […]
The government aims to raise the share of natural gas in its energy basket to 15 per cent by 2030 from the current 6.3 per cent. While natural gas consumption in India has been increasing, […]
Oil and natural gas form an important part of India’s energy matrix. The past few years have been quite eventful for the sector, with the introduction of a slew of reforms and policy measures to […]
India is the third largest consumer of energy in the world. It accounts for 5.2 per cent of the global oil demand and has the fourth largest refining capacity. However, the country relies heavily on […]
Energy security is one of the most pressing concerns for India, which meets almost 85 per cent of its oil requirements and 50 per cent of its gas requirements through imports. Factors such as volumes, […]
Ramping up output from domestic fields is central to India’s vision of achieving energy security. Domestic output, in turn, depends on a host of factors, including unearthed hydrocarbon reserves. Traditionally, India has been heavily dependent […]
The city gas distribution (CGD) segment has undoubtedly made significant headway in the past couple of years. Several factors such as renewed government focus, regulatory reforms and growing environmental concerns have been crucial in driving […]
Gas prices in India typically depend on where the gas is sourced from. While prices of imported gas in liquefied form depend on the terms of the contract or the prevailing spot market dynamics, prices […]
Over the past year, India’s oil and gas sector has witnessed a number of noteworthy developments in terms of simplified regulations for ease of operations. These include the introduction of the Hydrocarbon Exploration and Licensing […]
India sources about 6 per cent of its energy from natural gas, as against the world average of about 25 per cent, signifying the immense scope for market expansion. However, the dependence on imports for […]
The country’s primary energy basket is dominated by coal and oil that have a combined share of about 86 per cent. In contrast, the share of gas in the energy mix is only about 6 […]
Adoption of information technology (IT) and operational technology (OT) solutions has been a trend in the oil and gas sector for the past four-five years now. New and innovative technologies and digital solutions are being […]
The year 2018-19 witnessed significant efforts by the government to drive investments in the oil and gas sector. It was marked by the government’s decision to hike natural gas prices for the fourth consecutive time […]
India’s energy consumption, which is the third highest in the world, is expected to grow at more than 4 per cent annually and will nearly triple to 607 million tonnes (mt) by the year 2040. […]
During the period 2014-19, India’s crude oil consumption witnessed an increasing trend. As per the latest data available from the Petroleum Planning and Analysis Cell (PPAC), the domestic consumption of petroleum products grew at a […]
The declining trend in the country’s crude oil production has continued with output falling by more than 4 per cent in 2018-19. Import dependence for crude oil to meet the rising energy needs increased to […]
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