Domestic natural gas production increases by 24.3% in October 2021 amid surging LNG prices

India’s domestic natural gas production increased by 24.3% on year to 3,007 million standard cubic metre (mscm) in October 2021, primarily due to higher production from Reliance Industries (RIL) and from BP’s ultra-deep-water field in the KG-D6 Block of the Krishna Godavari basin on the east coast. The output had fallen 8.1% Y-o-Y to 28,670.6 mscm in […]

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RIL to milk KG-Basin for higher revenues after gas price hike by the govt.

Reliance Industries (RIL) is reaping the benefits of an increase in production from its oil and gas assets. The higher production from RIL-bp controlled Dhirubhai-6 (D6) block in the Krishna Godavari (KG) Basin will coincide with the government significantly hiking the price allowed for selling domestically produced natural gas, Business Standard reports. RIL’s share of production from […]

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India offers 21 oil and gas blocks in OALP-6 auctions; expects $300-400 million investment

India launched the sixth round of hydrocarbon blocks auction under the Open Acreage Licensing Programme (OALP), offering 21 blocks spread across approximately 35,346 square kilometres. Investments of around $300-400 million are expected from the round in these oil/gas blocks. India is 85 per cent dependent on imports to meet its oil needs and finding newer […]

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India’s domestic natural gas output increases by 23%in April 2021

India’s domestic natural gas production increased by 22.7 per cent year on year (y-o-y) to 2,651 million standard cubic metre(mscm) in April 2021, mainly due to higher production from Reliance Industries and BP’s ultra-deep-water field in the KG D6 Block of the Krishna Godavari basin on the east coast. However, the 2.5 million tonne (MT) of crude oil produced in the country during the month […]

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India’s natural gas output seen rising 52% by 2024

India’s natural gas production is projected to jump by 52 per cent to 122 million standard cubic metres per day (mmscmd) by 2024, as state-owned Oil and Natural Gas Corporation (ONGC) and Reliance Industries Ltd-BP together are expected to raise output from the KG basin fields. Natural gas production in 2019-20 was 85 mmscmd, which is estimated to have […]

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Reliance buys two-thirds of own gas from KG-D6; GAIL, Shell among other buyers

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Reliance Industries has picked up two-thirds of its own new gas from KG-D6 block that was auctioned under new rules with state-owned GAIL and Royal Dutch Shell getting smaller volumes. Reliance and its partner UK’s BP Plc auctioned 7.5 million standard cubic metres per day (mmscmd) of incremental gas from the R-series gas field in the KG-D6 block, […]

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