Asia Pacific: Production
India’s gas output is on course for growth in 2017.
Indian gas production increased by 5.7% on an annual basis in July, to reach 2.9 bcm. After year-on-year declines for most of 2016, output has increased in most months in 2017. Production rose by around 5% on an annual basis in H1 and is expected to increase by a similar amount in 2017 as a whole. Output from Oil and Natural Gas Corp. (ONGC) is likely to see continued annual growth through the remainder of the year, driving up national production. ONGC production volumes rose by nearly 13% on an annual basis in July, exceeding targets. However, national growth was pulled down by a drop in supplies from Oil India Limited, with production from the company falling by 2.3% on an annual basis in July. The decline was partly the result of technical issues with old wells as well as unplanned shutdowns and maintenance. Flows from other producers, including joint ventures, also fell on an annual basis in July, with underperformance in areas including the Krishna-Godavari Basin dragging down production for the month.