Page 37 - Policy Economic Report - November 2024

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Indian Gas Market

• Gross production of natural gas for the month of October 2024 (P) was 3111 MMSCM which was
lower by 1.6% compared with the corresponding month of the previous year.

• Total import of LNG (provisional) during the month of October 2024 was 2941 MMSCM (P)
(increase of 10.8 % over the corresponding month of the previous year).

• Natural gas available for sale during October 2024 was 5527 MMSCM (increase of 4.2% over the
corresponding month of the previous year).

• Total consumption during October 2024 was 6019 MMSCM (provisional). Major consumers were
fertilizer (29%), City Gas Distribution (CGD) (21%), Power (11%), Refinery (9%) and Petrochemicals
(3%).

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

1. Domestic Natural Gas Gross Production:

Domestic natural gas gross production for the month of October 2024 was 3111 MMSCM (decrease of
1.6% over the corresponding month of the previous year).

Figure 15: Domestic natural gas Gross production (Qty in MMSCM)

Source- PPAC Page | 36

November 2024