The recent growth in India’s gas production is expected to be short-lived, while China’s demand expansion is still outstripping increases in the country’s output.
The increase in Indian gas production seen in February is not likely to be sustained. Total output in H1 is expected to fall year on year. India produced 2.6 bcm of gas in February, around 1% more than in February 2015, but roughly 10% below target. The new lower price for domestically produced conventional gas – which will be in place until September 2016 – will have a negative impact on exploration and production rates.
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