Page 37 - Policy Economic Report - December 2024

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Indian Gas Market
• Gross production of natural gas for the month of November 2024 (P) was 2972 MMSCM which
was lower by 2.3% compared with the corresponding month of the previous year.

• Total import of LNG (provisional) during the month of November 2024 was 3022 MMSCM (P)
(increase of 25.1% over the corresponding month of the previous year).

• Natural gas available for sale during November 2024 was 5494 MMSCM (increase of 10.8% over
the corresponding month of the previous year).

• Total consumption during November 2024 was 5767 MMSCM (provisional). Major consumers
were fertilizer (30%), City Gas Distribution (CGD) (21%), Power (9%), Refinery (8%) and
Petrochemicals (6%).

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

1. Domestic Natural Gas Gross Production:

Domestic natural gas gross production for the month of November 2024 was 2972 MMSCM (decrease of
2.3% over the corresponding month of the previous year).

Figure 24: Domestic natural gas Gross production (Qty in MMSCM)

Source- PPAC Page | 36

December 2024