By 2026-27, India’s natural gas production will more than double to 211 million standard cubic metres per day on back of desired policy support and correct pricing signals, the oil regulator Petroleum and Natural Gas Regulatory Board (PNGRB) has said. Domestic gas production, which was 101.1 mmscmd in 2012-13, is projected to rise to 156.7 mmscmd in 2016-17 and to 182 mmscmd in 2021-22, according to a study commissioned by PNGRB.
The report said that India’s demand for natural gas is likely to be more than double to 517 mmscmd day by 2021-22 from 242.66 mmscmd in 2012-13. It will further rise to 746.03 mmscmd in 2029-30.
According to the report, in India, the natural gas sector is at the threshold of rapid growth supported by ever increasing demand, increased exploration efforts, commissioning of LNG import terminals and the development of a nation wide natural gas pipeline grid.
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