Page 41 - Policy Economic Report - October 2024

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Indian Gas Market

• Gross production of natural gas for the month of September 2024 (P) was 2977 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 September 2024 was 2932 MMSCM (P)
(increase of 13.5 % over the corresponding month of the previous year).

• Natural gas available for sale during September 2024 was 5411 MMSCM (increase of 5.8% over
the corresponding month of the previous year).

• Total consumption during September 2024 was 5752 MMSCM (provisional). Major consumers
were fertilizer (29%), City Gas Distribution (CGD) (20%), Power (12%), Refinery (8%) and
Petrochemicals (4%).

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

1. Domestic Natural Gas Gross Production:

Domestic natural gas gross production for the month of September 2024 was 2977 MMSCM (decrease
of 1.6% over the corresponding month of the previous year).

Figure 25: Domestic natural gas Gross production (Qty in MMSCM)

Source- PPAC Page | 40

October 2024