OIL & GAS

Indian gas production, consumption rebounds in May

Indian’s natural gas production and consumption have shown signs of recovery in May, analysts at the India Ratings and Research (Ind-Ra) said in a new report on Monday.

The country’s total gas production recovered 6.4% month-on-month to reach 2.30 billion cubic meters (Bcm) in May. Consumption increased 10.9% m-o-m to 4.59 Bcm.

Demand was met by higher liquefied natural gas (LNG) imports, which rose 22.4% to total 2.38 Bcm, Kallanish Energy learns.

Despite the monthly signs of improvement, both production and demand remain lower than last year. Domestic gas output was down 16.05% year-on-year and consumption declined 9.8% y-o-y, the report said.

Source
kallanish energy
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