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 volume 13, issue #13 - Monday, July 21, 2008

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India's natural gas production expected to jump two-fold by 2011-12

19-06-08 India's natural gas production will more than double to 170 mm cmpd by 2011-12 after fields such as Reliance Industries' eastern offshore KG-D6 reach peak output. In 2007-08, domestic production at 79.40 mm cmpd and 31.50 mm cmpd from import LNG met some 60 % of the demand, according to latest projections made by the Petroleum Ministry.
State-run Oil and Natural Gas Corp (ONGC) will produce 47.06 mm cmpd of gas this fiscal, almost unchanged from 47.19 mm cmpd of 2007-08. This output will rise to 51.65 mm cmpd by 2011-12, while Oil India Ltd (OIL) will contribute 10 mm cmpd.

Reliance Industries' KG-D6 will start producing this year at an initial rate of 40 mm cmpd, rising to 60 mm cmpd in 2009-10 and to 80 mm cmpd in 2011-12. When KG-D6 hits peak, the share of fuel produced by fields operated by private sector firms would touch 102.57 mm cmpd (in 2011-12).
The projections anticipate an additional 2 mm cmpd output from Mahanadi basin NEC-25 field of Reliance in 2011-12 and 4.5 mm cmpd fromGujarat State Petroleum Corp's Krishna Godavari basin field.

India's import of liquefied natural gas (LNG) is also slated to more than double to 23.25 mm tons by 2011-12 from 9 mm tons in 2007-08 after Dabhol, Kochi and Mangalore terminals become operational. Petronet LNG's Dahej terminal will see capacity doubling to almost 12 mm tons and Shell's Hazira terminal is seen operating at 2.5 mm tons, unchanged from present times. Dabhol may import 5 mm tons, Kochi 2.5 and Mangalore 1.25 mm tons, the projections stated.
Together with 81.38 mm cmpd of LNG, the country's total gas availability will touch 252.09 mm cmpd in 2011-12 from 110.9 mm cmpd now.

Source: http://economictimes.indiatimes.com



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