Domestic gas supply growth jumped in both India and China in March, but higher production rates are not expected to persist in either country.
India’s gas production rose by 8.3% year on year in March, driven by an increase in supply from Oil and Natural Gas Corp. Output from the company increased by 20% year on year but was still nearly 6% below target. Nevertheless, the increase outweighed declines seen from other producers. Additionally, total domestic output was low in March 2016 at just 2.5 bcm, a year-on-year drop of approximately 10%. While further growth could be seen in domestic production over the coming months, the general trend is expected to be one of decline as technical and market issues continue to constrain production.
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