According to OGJ, India had 38 trillion cubic feet (Tcf) of proven natural gas reserves as of January 2007. The bulk of India’s natural gas production comes from the western offshore regions, especially the Mumbai High complex. The onshore fields in Assam, Andhra Pradesh, and Gujarat states are also major producers of natural gas. According to EIA data, India produced 996 billion cubic feet (Bcf) of natural gas in 2004.
India imports small amounts of natural gas. In 2004, India consumed 1,089 Bcf of natural gas, the first year in which the country showed net natural gas imports. During 2004, India imported 93 Bcf of liquefied natural gas (LNG) from Qatar.
Sector Organization
As in the oil sector, India’s state-owned companies account for the bulk of natural gas production. ONGC and Oil India Ltd. (OIL) are the largest companies by production volume, while some foreign companies participate in upstream developments in joint-ventures and production sharing contracts (PSCs). Reliance Industries, a privately-owned Indian company, will also have a greater role in the natural gas sector in the coming years, as a result of a large natural gas find in 2002 in the Krishna Godavari basin.
The Gas Authority of India Ltd.
(GAIL) holds an effective monopoly on natural gas transmission and distribution activities. In December 2006, the Minister of Petroleum and Natural Gas issued a new policy that allows foreign investors, private domestic companies, and national oil companies to hold 100 percent equity stakes in pipeline projects. While GAIL’s monopoly in natural gas transmission and distribution is not guaranteed by statute, it will continue to be the leading player in the sector because of its existing natural gas infrastructure (in 2004, GAIL piped 88 percent of the natural gas consumed in India). http://www.eia.doe.gov/cabs/India/NaturalGas.html
As in the oil sector, India’s state-owned companies account for the bulk of natural gas production. ONGC and Oil India Ltd. (OIL) are the largest companies by production volume, while some foreign companies participate in upstream developments in joint-ventures and production sharing contracts (PSCs). Reliance Industries, a privately-owned Indian company, will also have a greater role in the natural gas sector in the coming years, as a result of a large natural gas find in 2002 in the Krishna Godavari basin.
The Gas Authority of India Ltd.
(GAIL) holds an effective monopoly on natural gas transmission and distribution activities. In December 2006, the Minister of Petroleum and Natural Gas issued a new policy that allows foreign investors, private domestic companies, and national oil companies to hold 100 percent equity stakes in pipeline projects. While GAIL’s monopoly in natural gas transmission and distribution is not guaranteed by statute, it will continue to be the leading player in the sector because of its existing natural gas infrastructure (in 2004, GAIL piped 88 percent of the natural gas consumed in India). http://www.eia.doe.gov/cabs/India/NaturalGas.html
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