India’s natural gas production has declined by 13.2 per cent during April-August 2020 as compared to a fall of 1 per cent registered in the corresponding period last year, according to CARE Ratings Limited. On the other hand, its consumption of natural gas declined by 9.5 per cent year-on-year during the period under review.
The domestic production from onshore fields was around 34 per cent during April-August 2020 while the coal-bed methane (CBM) fields contributed about 2 per cent to total natural gas production. However, a major part of the output was from offshore gas fields, constituting around 64 per cent of the total domestic natural gas production.
On the other hand, imports of liquefied natural gas (LNG) fell by 5.5 per cent during April-August 2020 as compared to an increase of 9.1 per cent in the corresponding period last year. LNG catered to 53.3 per cent of natural gas consumption during the period under review, states CARE Ratings.