Asia Pacific: Production
Indian gas output picked up at the end of 2016 but is expected to decline in 2017.
India’s gas output was around 2.7 bcm in December, making production flat year on year. Although this was 10% below target, it was one of only three months in 2016 when production did not drop on an annual basis. Oil and Natural Gas Corp.’s production increased on an annual basis during the month, while output from Oil India and joint ventures in the country fell year on year. India’s output was around 31 bcm in 2016, down by 5% year on year. Although there is potential for growth in the mid-term, further year-on-year declines in output are expected during 2017. The technical issues that have hit flows this year are unlikely to be resolved in the short term.