Indian gas production rose on an annual basis in July, but this will not be enough to stave off overall declines for 2016.
Indian gas production rose by 3% on an annual basis in July, to 2.7 bcm. This is the first month since February that production has risen on an annual basis. Production was still below target, but output from Oil and Natural Gas Corp. and Oil India Ltd was up year on year, boosting total output for the month. However, technical problems at some wells and the underperformance of some fields are expected to continue to cause problems over the coming months, meaning production will fall on an annual basis. Production fell by 7% year on year in H1, and total output for the year is expected to decline by around 5%, to roughly 31 bcm.
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