Oil And Gas

India is the world’s fourth-largest energy consumer in the world.

Oil and Gas Industry in India

Latest update: December, 2013

Production

ONGC accounted for 62 per cent of total crude oil production in India.

Production

Pipeline Network

In terms of length, IOCL accounts for 45.9 per cent (4,376 km) of India’s crude pipeline network.

Pipeline Network

Production

Domestic gas production accounts for more than three-quarters of total gas consumption in the country.

Production

Pipeline Network

In terms of capacity, ONGC leads the pack with a share of 47.4 per cent (65.5 MMTPA).

Pipeline Network

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Last Updated: March 27, 2014

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India is going to be a refining and petrochemical hub. The country's largest forex earnings are going to be from export of refined products.

Carlos A Cabrera
President and CEO, UOP - a Honeywell company

Updated: December, 2013

SECTORAL REPORT | March, 2014

Introduction

The Indian oil and gas (O&G) sector is projected to touch US$ 139,814.7 million by 2015 from US$ 117,562.9 million in 2012. The sector provides vast opportunities for investors. The New Exploration Licensing Policy (NELP) of 1997–98 was envisioned to deal with the ever-growing gap between demand and supply of gas in India. It has successfully attracted both foreign and domestic investment, as attested by the presence of Cairn India and Reliance Industries Limited in the country.

India’s economic growth, as with all other countries, is closely linked to energy demand. The need for oil and gas, which are among the primary sources for meeting energy requirements, is thus projected to grow further.

To meet this demand, the government has adopted several policies, such as allowing 100 per cent foreign direct investment (FDI) in several segments of the sector, including petroleum products, natural gas, pipelines, and refineries.

Key Statistics

In 2011, India’s O&G sector witnessed one of the biggest FDI deals in the country, with British Petroleum (BP) formalising a US$ 7.2 billion partnership with Reliance Industries, for exploring offshore gas reserves.

At the end of FY 2011–12, India had total reserves of 1330 billion cubic metres (bcm) of natural gas and 760 million metric tonnes (mt) of crude oil.

Diesel & Petrol

Diesel is the country’s most consumed fuel, accounting for almost 45 per cent of the total demand for petroleum products. Since 2003–04, the demand for the transportation fuel has been increasing at a rate of 6–8 per cent.

About 62 per cent of petrol in the Indian market is consumed by two-wheelers, 27 per cent by cars, and 6 per cent by three-wheelers. The rest are consumed for other purposes such as operating generators, and by people in rural areas who need the fuel to run their livelihood, according to a survey conducted by global information and measurement company, Nielsen.

Gas

  • India's natural gas output was 3.01 bcm in July 2013.
  • India's natural gas output will increase by 67 per cent in the next three years owing to higher production from several blocks, especially Reliance Industries-operated KG-D6, according to the country’s Oil Minister, Mr M Veerappa Moily.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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