Exploration & Production

Indian gas output to hit 72 bcm in four years – oil ministry

India’s gas output is expected to reach 72 billion cubic metres in four years.
By Staff reporter 31 July 2018 0 31959

India’s gas output is expected to reach 72 billion cubic metres in four years, the oil ministry has told a parliamentary panel, according to The Economic Times.

India produced around 35 bcm in the 2017-2018 financial year, with Oil & Natural Gas Corp. (ONGC) providing the largest share.

However, by 2022 private firms and joint ventures are expected to account for a larger share of production than the state companies, at around 40 bcm.

They will be followed by ONGC and Oil India Ltd. Disappointing...