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    India's gas consumption down 10% in August

Summary

The country's gas production was down 1% year/year.

by: Shardul Sharma

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Complimentary, Natural Gas & LNG News, Asia/Oceania, Security of Supply, Corporate, News By Country, India

India's gas consumption down 10% in August

India’s natural gas consumption in August was 5.2bn m3, down 10.3% year/year, the government said on September 20.

Cumulative consumption of natural gas during April-August, the first five months of the 2022-2023 financial year (FY2023), was 26.32bn m3, down from 27.37bn min the previous year. The biggest consumer of natural gas in India is the fertiliser industry. Other major consumers are power, city gas distribution and petrochemicals sectors. 

India’s natural gas production last month was 2.89bn m3, down 1% yr/yr. Cumulative natural gas production in April-August was 14.33bn m3, up 2.5% yr/yr.

The country’s natural gas output in FY2022 was 34bn m3, up 18.7% yr/yr. Crisil Ratings told NGW in early April that India’s natural gas output in FY23 is expected to rise by 10-15% yr/yr.