India's natural gas demand is set to more than double by 2016-17 with most of incremental demand coming from power plants. As per the projections made by Oil Ministry for the 12th Five Year Plan (2012-13 to 2016-17), current gas demand of 189 mmscmd is likely to rise to 473 mmscmd. This represents a compounded annual growth rate of 7.5 per cent over the two Plan periods (10 year).
Of the 473 mmscmd demand at the end of 12th Five Year Plan, 207 mmscmd would be from power and another 113 mmscmd from fertiliser plants. Power plant would need 307 mmscmd by 2021-22 while fertiliser units may not see any incremental demand during 2017 to 2022. Domestic natural gas production currently is about 120 mmscmd and another 46.3 mmscmd is imported in the form of liquefied natural gas (LNG).
The total availability of 164 mmscmd is short of current deÂmand of 189 mmscmd. ONGC produces under 51 mmscmd of gas while output from the KG-D6 fields of Reliance Industries is about 45 mmscmd.
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