India remains the third largest energy consumer globally. Crude oil production in India stood at 35.68 million tonnes in 2017-18, with state-owned ONGC accounting for around 58% of output. Natural gas consumption has increased at a CAGR of 3.4% between 2007-2017 to reach 54.2 billion cubic metres. Demand for gas is projected to reach 143 bcm by 2040, with imports projected to double over the next five years.
India is the third largest energy consumer globally and its oil consumption has expanded at a CAGR of 4.78% during 2007-2017. State-owned companies dominate India's oil and gas sector, with ONGC being the largest upstream company. While domestic production meets about 30% of India's oil demand, imports are expected to rise further due to growing energy needs. Gas consumption has increased at 3.40% CAGR from 2007-2017 and is projected to reach 143.08 bcm by 2040. Exports of petroleum products have also increased, with India being one of the largest exporters of refined oil globally.
- India is the third largest energy consumer globally and its demand for oil and gas is expected to significantly increase over the coming decades.
- State-owned companies dominate India's oil and gas sector, though private companies have an increasing role in refining.
- India relies heavily on imports to meet its growing demand for oil and gas, as domestic production is inadequate. Oil imports have increased at a faster rate than domestic production.
- Gas consumption and imports have also been growing as India works to expand its gas-based economy.
India is the third largest energy consumer globally and its oil and gas sector is growing robustly. State-owned companies dominate the oil and gas sector in India. Oil consumption has expanded at a CAGR of 4.78% during 2007-2017 to reach 4.69 million barrels per day in 2017. Gas consumption has increased at a CAGR of 3.40% between 2007-2017. India is increasingly relying on imports to meet its growing energy demands as domestic production has failed to keep pace with consumption.
India has the second largest refining capacity in Asia and is the third largest energy consumer globally. Domestic oil production stood at 35.68 million tonnes in 2017-18, while gas production was 31.83 bcm. State-owned companies dominate the oil and gas sector, with ONGC being the largest producer. Oil demand is expected to more than double to 10.1 million barrels per day by 2040 due to rapid economic growth. India is also increasingly reliant on imports to meet its growing energy needs.
India is the fourth largest LNG importer in the world. It imported 18.787 MMT of LNG in 2016-17, compared to 16.217 MMT in 2015-16. India's oil refining capacity is expected to rise to more than 310 million tonnes by the end of 2017 from 234.5 MMTPA currently, making it the second largest refiner in Asia. India's energy demand is projected to double to 1,516 Mtoe by 2035 from 723.9 Mtoe in 2016. The country also consumed 193.745 MMT of petroleum products in 2016-17 and 134.599 MMT up to October 2017-18, making it the third largest consumer of
The document provides an overview of India's oil and gas market. Some key points:
- India is the second largest refiner in Asia and the fourth largest LNG importer globally.
- India's energy demand is projected to double by 2035, increasing its share of global energy consumption.
- State-owned companies dominate India's oil and gas sector, though private companies have gained market share in refining.
- While domestic production meets most gas demand, India relies heavily on imports to meet growing oil consumption.
- Exploration and development activities have increased offshore and onshore to boost domestic production.
- India is the third largest energy consumer in the world and oil and gas account for 35.61% of total energy consumption. State-owned companies dominate the oil and gas sector in India.
- Oil consumption has grown at a CAGR of 2.98% from 2008-2017 to reach 4.43 million barrels per day. India relies heavily on oil imports which are expected to further increase.
- Gas consumption has increased at a CAGR of 2.44% from 2007-2016 to reach 50.7 billion cubic meters. India is increasing LNG imports to meet its growing gas demand.
The document provides an overview of India's oil and gas sector. Some key points:
- India is the third largest energy consumer in the world and its energy demand is expected to double by 2035.
- State-owned companies dominate India's oil and gas sector, with ONGC being the largest player in upstream exploration and production.
- Oil consumption in India has grown at a CAGR of 4.78% from 2007-2017 to reach 4.69 mbpd, and demand is projected to further increase dependency on imports.
- Gas consumption has increased at a CAGR of 3.40% from 2007-2017 to reach 54.20 bcm, and demand is expected to reach
India is the third largest energy consumer globally and its oil consumption has expanded at a CAGR of 4.78% during 2007-2017. State-owned companies dominate India's oil and gas sector, with ONGC being the largest upstream company. While domestic production meets about 30% of India's oil demand, imports are expected to rise further due to growing energy needs. Gas consumption has increased at 3.40% CAGR from 2007-2017 and is projected to reach 143.08 bcm by 2040. Exports of petroleum products have also increased, with India being one of the largest exporters of refined oil globally.
- India is the third largest energy consumer globally and its demand for oil and gas is expected to significantly increase over the coming decades.
- State-owned companies dominate India's oil and gas sector, though private companies have an increasing role in refining.
- India relies heavily on imports to meet its growing demand for oil and gas, as domestic production is inadequate. Oil imports have increased at a faster rate than domestic production.
- Gas consumption and imports have also been growing as India works to expand its gas-based economy.
India is the third largest energy consumer globally and its oil and gas sector is growing robustly. State-owned companies dominate the oil and gas sector in India. Oil consumption has expanded at a CAGR of 4.78% during 2007-2017 to reach 4.69 million barrels per day in 2017. Gas consumption has increased at a CAGR of 3.40% between 2007-2017. India is increasingly relying on imports to meet its growing energy demands as domestic production has failed to keep pace with consumption.
India has the second largest refining capacity in Asia and is the third largest energy consumer globally. Domestic oil production stood at 35.68 million tonnes in 2017-18, while gas production was 31.83 bcm. State-owned companies dominate the oil and gas sector, with ONGC being the largest producer. Oil demand is expected to more than double to 10.1 million barrels per day by 2040 due to rapid economic growth. India is also increasingly reliant on imports to meet its growing energy needs.
India is the fourth largest LNG importer in the world. It imported 18.787 MMT of LNG in 2016-17, compared to 16.217 MMT in 2015-16. India's oil refining capacity is expected to rise to more than 310 million tonnes by the end of 2017 from 234.5 MMTPA currently, making it the second largest refiner in Asia. India's energy demand is projected to double to 1,516 Mtoe by 2035 from 723.9 Mtoe in 2016. The country also consumed 193.745 MMT of petroleum products in 2016-17 and 134.599 MMT up to October 2017-18, making it the third largest consumer of
The document provides an overview of India's oil and gas market. Some key points:
- India is the second largest refiner in Asia and the fourth largest LNG importer globally.
- India's energy demand is projected to double by 2035, increasing its share of global energy consumption.
- State-owned companies dominate India's oil and gas sector, though private companies have gained market share in refining.
- While domestic production meets most gas demand, India relies heavily on imports to meet growing oil consumption.
- Exploration and development activities have increased offshore and onshore to boost domestic production.
- India is the third largest energy consumer in the world and oil and gas account for 35.61% of total energy consumption. State-owned companies dominate the oil and gas sector in India.
- Oil consumption has grown at a CAGR of 2.98% from 2008-2017 to reach 4.43 million barrels per day. India relies heavily on oil imports which are expected to further increase.
- Gas consumption has increased at a CAGR of 2.44% from 2007-2016 to reach 50.7 billion cubic meters. India is increasing LNG imports to meet its growing gas demand.
The document provides an overview of India's oil and gas sector. Some key points:
- India is the third largest energy consumer in the world and its energy demand is expected to double by 2035.
- State-owned companies dominate India's oil and gas sector, with ONGC being the largest player in upstream exploration and production.
- Oil consumption in India has grown at a CAGR of 4.78% from 2007-2017 to reach 4.69 mbpd, and demand is projected to further increase dependency on imports.
- Gas consumption has increased at a CAGR of 3.40% from 2007-2017 to reach 54.20 bcm, and demand is expected to reach
India is the second largest refiner in Asia and the fourth largest LNG importer globally. Oil consumption in India has expanded at a CAGR of 2.98% between 2008-2017 to reach 4.13 million barrels per day. Gas consumption has also increased at a CAGR of 2.3% between 2007-2016. State-owned companies dominate India's oil and gas sector, conducting the majority of upstream exploration, drilling and production activities.
- India is the second largest refiner of oil in Asia with a refining capacity of 247.6 million tonnes as of September 2018. Private companies own about 35.62% of India's total refining capacity.
- India's oil production reached 35.68 million tonnes in 2017-18 and had proven oil reserves of 600 million tonnes as of 2017. State-owned ONGC dominates oil production, accounting for 58.26% of India's total output in FY18.
- India's gas production was 31.83 billion cubic metres in FY18 and had proven gas reserves of 1.2 trillion cubic metres at the end of 2017. ONGC also dominates gas production
The document provides an overview of India's oil and gas sector. Some key points:
- India is the second largest refiner in Asia and the fourth largest LNG importer globally.
- Domestic demand for oil and gas is expected to significantly increase due to strong economic growth and rising energy needs.
- State-owned companies dominate upstream exploration and production as well as downstream refining and distribution, though private companies have an increasing role.
- India relies heavily on imports to meet its growing energy needs but is seeking to boost domestic production and infrastructure.
The document provides an overview of India's oil and gas market with the following key points:
1) India is the second largest refiner of oil in Asia and the fourth largest LNG importer globally. Private companies own about 35% of India's total refining capacity.
2) India's energy demand is projected to double by 2035, increasing its share of global energy consumption. Consumption of petroleum products grew over 5% in 2017-18.
3) State-owned companies dominate India's upstream, midstream, and downstream oil and gas segments. ONGC is the largest producer, while IOCL controls over 30% of the country's pipeline network and largest refining capacity.
The document provides an overview of India's oil and gas sector. Some key points:
- India is the second largest refiner of oil in Asia and the fourth largest importer of LNG globally.
- Oil consumption in India has expanded at a CAGR of 2.98% from 2008-2017 to reach 4.13 million barrels per day.
- State-owned companies like ONGC and IOCL dominate upstream exploration and production as well as refining and pipelines. However, private companies have increased their market share in refining.
- Domestic gas production meets over three-quarters of India's gas demand but imports are rising to meet growing energy needs as demand is projected to double by
India is the second largest refiner in Asia and the fourth largest LNG importer globally. India's energy demand is projected to double by 2035, with oil and gas accounting for over one-third of total energy consumption. State-owned companies dominate India's oil and gas sector, however private companies have gained considerable market share in refining. Oil consumption has grown at a CAGR of 3% from 2008-2017 to reach 4.13 million barrels per day. Similarly, gas consumption has increased at a CAGR of 2.3% from 2007-2016 to 1,227 billion cubic meters. However, India remains reliant on imports for its oil requirement, with imports meeting 82% of demand in FY
India is the second largest refiner in Asia with over 247.6 million tonnes of refining capacity as of March 2018. India's energy demand is projected to double by 2035 to 1,516 Mtoe. India was the third largest consumer of crude oil and petroleum products in 2016 and the fourth largest LNG importer in 2016. Domestic production accounts for over three-quarters of India's natural gas consumption, though imports are rising to meet growing demand for cleaner fuel. State-owned companies dominate India's oil and gas sector, though private companies have gained market share in refining.
India is the second largest refiner in Asia and the fourth largest LNG importer globally. It is also the world's fourth largest energy consumer. India's oil consumption has grown at a CAGR of 2.98% between 2008-2017 to reach 4.13 million barrels per day. Similarly, gas consumption has increased over 160% since 1995. State-owned companies dominate India's oil and gas sector, with ONGC being the largest upstream firm. While domestic production meets over three-quarters of gas demand, LNG imports have grown at 8.92% annually. Strong economic growth is expected to further increase India's energy needs in the coming decades.
India is the second largest refiner in Asia and the fourth largest consumer of oil and petroleum products in the world. It had 234.5 MMTPA of refining capacity in FY17 and consumed 193.745 MMT of petroleum products in 2016-17. State-owned companies dominate India's oil and gas sector, with ONGC being the largest player in upstream exploration and production and IOC controlling over 10 refineries. India meets a significant portion of its oil demand through imports, relying on imports for around 82% of its needs. Its natural gas demand is also growing and India is the fourth largest LNG importer, importing 18.787 MMT of LNG in 2016-17.
The document provides information on India's oil and gas sector, including:
- India is the 4th largest energy consumer in the world and its energy demand is expected to double by 2035. It is also the 4th largest importer of LNG and consumer of oil and petroleum products.
- State-owned companies dominate India's oil and gas sector, with ONGC being the largest player in upstream exploration and production. Private companies have a growing role in refining.
- Demand for oil and gas is driven by India's strong economic growth and rising income levels. Oil consumption has increased at a CAGR of 4.79% between 2008-2016 while gas consumption is forecast to rise at
The document provides information on India's oil and gas sector, including:
- India is the world's fourth largest energy consumer and fourth largest oil consumer. Its energy demand is projected to double by 2035.
- State-owned companies dominate the oil and gas sector in India. ONGC is the largest player in upstream exploration and production. Indian Oil is a major player in refining and transportation.
- Oil consumption in India is estimated to reach 4.0 million barrels per day by 2016, growing at a CAGR of 3.3% from 2008-2016. However, India relies heavily on oil imports, which accounted for over 80% of demand in fiscal year 2014.
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The document provides an overview of India's oil and gas sector. It notes that India is the world's fourth largest energy consumer and fourth largest LNG importer. It also discusses key trends such as growing demand for energy, India's reliance on oil and gas imports, and the dominance of state-owned companies in the upstream, midstream, and downstream segments of the industry. The document analyzes supply and demand trends for both oil and gas and highlights opportunities and challenges in the Indian market.
The document provides information on India's oil and gas sector:
- India is the world's fourth largest energy consumer and fourth largest LNG importer. It is also the second largest refiner in Asia.
- Demand for energy in India is projected to nearly triple by 2035 due to rapid economic and population growth.
- State-owned companies dominate upstream exploration and production as well as midstream transportation, however private companies have a growing role in refining and marketing.
- India relies heavily on imports to meet its oil demand but is taking steps to increase domestic production.
The document provides an overview of India's oil and gas sector. It notes that India is the fourth largest energy consumer in the world, with demand expected to double by 2035. It is also the fourth largest LNG importer and second largest refiner in Asia. State-owned companies dominate the sector, though private companies have a growing role in refining and downstream distribution. Oil consumption has been growing at 3-4% annually and is projected to reach 4 million barrels per day by 2016, with domestic production increasing but still relying heavily on imports. Natural gas demand is also growing rapidly at over 2% annually, with increasing imports of LNG needed to meet demand as domestic production has plateaued.
The document provides an overview of India's oil and gas sector. Some key points:
1) India is the fourth largest energy consumer in the world and its energy demand is expected to double by 2035. Oil consumption is also expected to rise significantly, reaching 4 million barrels per day by 2016.
2) State-owned companies dominate exploration and production, with ONGC accounting for around 60% of domestic crude oil output. However, private sector participation is growing.
3) While domestic production is increasing, India relies heavily on imports to meet its growing energy needs, importing over 80% of its crude oil requirements. Imported LNG is also an important and growing source of natural gas.
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The document provides an overview of India's oil and gas sector. It notes that India is the world's fourth largest energy consumer and fourth largest LNG importer. State-owned companies dominate exploration and production, while private companies have a growing role in refining. Demand for oil and gas is expected to continue growing strongly due to India's rising energy needs. The document discusses trends in production, imports, consumption and infrastructure such as pipelines.
India's oil and gas sector is dominated by state-owned companies. India is the third largest energy consumer globally and its energy demand is expected to double by 2035. Oil consumption has expanded at a CAGR of 4.78% during 2007-2017 to reach 4.69 million barrels per day in 2017, with India retaining its spot as the third largest oil consumer. Gas consumption has increased at a CAGR of 3.40% between 2007-2017 and demand is projected to further rise significantly by 2040. Exports of petroleum products have also grown over the years, with India among the largest exporters of refinery products globally.
The Indian refinery industry has grown significantly over time. Refining capacity has increased from 62 MMTPA in 1998 to 215 MMTPA currently. Major challenges include crude oil sourcing, improving margins, and addressing environmental issues. The government has implemented policies to attract private investment and dismantle administrative pricing. Key players in the industry include Reliance, BPCL, HPCL, and Essar Oil. The industry is oligopolistic in nature.
This document provides an overview of the Infraline Energy knowledge base on the oil and natural gas sector in India. It includes detailed coverage of upstream and downstream activities, natural gas and LNG, prices, demand and supply, maps, the regulatory framework, taxes and duties, and presentations. The knowledge base provides daily newsletters, a comprehensive library that is frequently updated, analytical articles, market intelligence, reports, and books. It offers in-depth information on topics such as exploration and production, company profiles, pipelines, reserves, refineries, petroleum products, and policies.
India's oil and gas sector is dominated by state-owned companies. India is the third largest energy consumer globally and its energy demand is expected to double by 2035. Oil consumption has expanded at a CAGR of 4.78% during 2007-2017 to reach 4.69 million barrels per day in 2017, with India retaining its spot as the third largest oil consumer. Gas consumption has increased at a CAGR of 3.40% between 2007-2017 and demand is projected to further rise significantly by 2040. The country increasingly relies on imports to meet its growing demand for oil and gas.
The document provides an overview of India's oil and gas sector. Some key points:
- India is the second largest refiner in Asia and the fourth largest LNG importer globally.
- Domestic demand for oil and gas is expected to significantly increase due to strong economic growth and rising energy needs.
- State-owned companies dominate upstream exploration and production as well as downstream refining and distribution, though private companies have an increasing role.
- India relies heavily on imports to meet its growing energy needs but is seeking to boost domestic production and infrastructure.
India is the second largest refiner in Asia and the fourth largest LNG importer globally. Oil consumption in India has expanded at a CAGR of 2.98% between 2008-2017 to reach 4.13 million barrels per day. Gas consumption has also increased at a CAGR of 2.3% between 2007-2016. State-owned companies dominate India's oil and gas sector, conducting the majority of upstream exploration, drilling and production activities.
- India is the second largest refiner of oil in Asia with a refining capacity of 247.6 million tonnes as of September 2018. Private companies own about 35.62% of India's total refining capacity.
- India's oil production reached 35.68 million tonnes in 2017-18 and had proven oil reserves of 600 million tonnes as of 2017. State-owned ONGC dominates oil production, accounting for 58.26% of India's total output in FY18.
- India's gas production was 31.83 billion cubic metres in FY18 and had proven gas reserves of 1.2 trillion cubic metres at the end of 2017. ONGC also dominates gas production
The document provides an overview of India's oil and gas sector. Some key points:
- India is the second largest refiner in Asia and the fourth largest LNG importer globally.
- Domestic demand for oil and gas is expected to significantly increase due to strong economic growth and rising energy needs.
- State-owned companies dominate upstream exploration and production as well as downstream refining and distribution, though private companies have an increasing role.
- India relies heavily on imports to meet its growing energy needs but is seeking to boost domestic production and infrastructure.
The document provides an overview of India's oil and gas market with the following key points:
1) India is the second largest refiner of oil in Asia and the fourth largest LNG importer globally. Private companies own about 35% of India's total refining capacity.
2) India's energy demand is projected to double by 2035, increasing its share of global energy consumption. Consumption of petroleum products grew over 5% in 2017-18.
3) State-owned companies dominate India's upstream, midstream, and downstream oil and gas segments. ONGC is the largest producer, while IOCL controls over 30% of the country's pipeline network and largest refining capacity.
The document provides an overview of India's oil and gas sector. Some key points:
- India is the second largest refiner of oil in Asia and the fourth largest importer of LNG globally.
- Oil consumption in India has expanded at a CAGR of 2.98% from 2008-2017 to reach 4.13 million barrels per day.
- State-owned companies like ONGC and IOCL dominate upstream exploration and production as well as refining and pipelines. However, private companies have increased their market share in refining.
- Domestic gas production meets over three-quarters of India's gas demand but imports are rising to meet growing energy needs as demand is projected to double by
India is the second largest refiner in Asia and the fourth largest LNG importer globally. India's energy demand is projected to double by 2035, with oil and gas accounting for over one-third of total energy consumption. State-owned companies dominate India's oil and gas sector, however private companies have gained considerable market share in refining. Oil consumption has grown at a CAGR of 3% from 2008-2017 to reach 4.13 million barrels per day. Similarly, gas consumption has increased at a CAGR of 2.3% from 2007-2016 to 1,227 billion cubic meters. However, India remains reliant on imports for its oil requirement, with imports meeting 82% of demand in FY
India is the second largest refiner in Asia with over 247.6 million tonnes of refining capacity as of March 2018. India's energy demand is projected to double by 2035 to 1,516 Mtoe. India was the third largest consumer of crude oil and petroleum products in 2016 and the fourth largest LNG importer in 2016. Domestic production accounts for over three-quarters of India's natural gas consumption, though imports are rising to meet growing demand for cleaner fuel. State-owned companies dominate India's oil and gas sector, though private companies have gained market share in refining.
India is the second largest refiner in Asia and the fourth largest LNG importer globally. It is also the world's fourth largest energy consumer. India's oil consumption has grown at a CAGR of 2.98% between 2008-2017 to reach 4.13 million barrels per day. Similarly, gas consumption has increased over 160% since 1995. State-owned companies dominate India's oil and gas sector, with ONGC being the largest upstream firm. While domestic production meets over three-quarters of gas demand, LNG imports have grown at 8.92% annually. Strong economic growth is expected to further increase India's energy needs in the coming decades.
India is the second largest refiner in Asia and the fourth largest consumer of oil and petroleum products in the world. It had 234.5 MMTPA of refining capacity in FY17 and consumed 193.745 MMT of petroleum products in 2016-17. State-owned companies dominate India's oil and gas sector, with ONGC being the largest player in upstream exploration and production and IOC controlling over 10 refineries. India meets a significant portion of its oil demand through imports, relying on imports for around 82% of its needs. Its natural gas demand is also growing and India is the fourth largest LNG importer, importing 18.787 MMT of LNG in 2016-17.
The document provides information on India's oil and gas sector, including:
- India is the 4th largest energy consumer in the world and its energy demand is expected to double by 2035. It is also the 4th largest importer of LNG and consumer of oil and petroleum products.
- State-owned companies dominate India's oil and gas sector, with ONGC being the largest player in upstream exploration and production. Private companies have a growing role in refining.
- Demand for oil and gas is driven by India's strong economic growth and rising income levels. Oil consumption has increased at a CAGR of 4.79% between 2008-2016 while gas consumption is forecast to rise at
The document provides information on India's oil and gas sector, including:
- India is the world's fourth largest energy consumer and fourth largest oil consumer. Its energy demand is projected to double by 2035.
- State-owned companies dominate the oil and gas sector in India. ONGC is the largest player in upstream exploration and production. Indian Oil is a major player in refining and transportation.
- Oil consumption in India is estimated to reach 4.0 million barrels per day by 2016, growing at a CAGR of 3.3% from 2008-2016. However, India relies heavily on oil imports, which accounted for over 80% of demand in fiscal year 2014.
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The document provides an overview of India's oil and gas sector. It notes that India is the world's fourth largest energy consumer and fourth largest LNG importer. It also discusses key trends such as growing demand for energy, India's reliance on oil and gas imports, and the dominance of state-owned companies in the upstream, midstream, and downstream segments of the industry. The document analyzes supply and demand trends for both oil and gas and highlights opportunities and challenges in the Indian market.
The document provides information on India's oil and gas sector:
- India is the world's fourth largest energy consumer and fourth largest LNG importer. It is also the second largest refiner in Asia.
- Demand for energy in India is projected to nearly triple by 2035 due to rapid economic and population growth.
- State-owned companies dominate upstream exploration and production as well as midstream transportation, however private companies have a growing role in refining and marketing.
- India relies heavily on imports to meet its oil demand but is taking steps to increase domestic production.
The document provides an overview of India's oil and gas sector. It notes that India is the fourth largest energy consumer in the world, with demand expected to double by 2035. It is also the fourth largest LNG importer and second largest refiner in Asia. State-owned companies dominate the sector, though private companies have a growing role in refining and downstream distribution. Oil consumption has been growing at 3-4% annually and is projected to reach 4 million barrels per day by 2016, with domestic production increasing but still relying heavily on imports. Natural gas demand is also growing rapidly at over 2% annually, with increasing imports of LNG needed to meet demand as domestic production has plateaued.
The document provides an overview of India's oil and gas sector. Some key points:
1) India is the fourth largest energy consumer in the world and its energy demand is expected to double by 2035. Oil consumption is also expected to rise significantly, reaching 4 million barrels per day by 2016.
2) State-owned companies dominate exploration and production, with ONGC accounting for around 60% of domestic crude oil output. However, private sector participation is growing.
3) While domestic production is increasing, India relies heavily on imports to meet its growing energy needs, importing over 80% of its crude oil requirements. Imported LNG is also an important and growing source of natural gas.
4
The document provides an overview of India's oil and gas sector. It notes that India is the world's fourth largest energy consumer and fourth largest LNG importer. State-owned companies dominate exploration and production, while private companies have a growing role in refining. Demand for oil and gas is expected to continue growing strongly due to India's rising energy needs. The document discusses trends in production, imports, consumption and infrastructure such as pipelines.
India's oil and gas sector is dominated by state-owned companies. India is the third largest energy consumer globally and its energy demand is expected to double by 2035. Oil consumption has expanded at a CAGR of 4.78% during 2007-2017 to reach 4.69 million barrels per day in 2017, with India retaining its spot as the third largest oil consumer. Gas consumption has increased at a CAGR of 3.40% between 2007-2017 and demand is projected to further rise significantly by 2040. Exports of petroleum products have also grown over the years, with India among the largest exporters of refinery products globally.
The Indian refinery industry has grown significantly over time. Refining capacity has increased from 62 MMTPA in 1998 to 215 MMTPA currently. Major challenges include crude oil sourcing, improving margins, and addressing environmental issues. The government has implemented policies to attract private investment and dismantle administrative pricing. Key players in the industry include Reliance, BPCL, HPCL, and Essar Oil. The industry is oligopolistic in nature.
This document provides an overview of the Infraline Energy knowledge base on the oil and natural gas sector in India. It includes detailed coverage of upstream and downstream activities, natural gas and LNG, prices, demand and supply, maps, the regulatory framework, taxes and duties, and presentations. The knowledge base provides daily newsletters, a comprehensive library that is frequently updated, analytical articles, market intelligence, reports, and books. It offers in-depth information on topics such as exploration and production, company profiles, pipelines, reserves, refineries, petroleum products, and policies.
India's oil and gas sector is dominated by state-owned companies. India is the third largest energy consumer globally and its energy demand is expected to double by 2035. Oil consumption has expanded at a CAGR of 4.78% during 2007-2017 to reach 4.69 million barrels per day in 2017, with India retaining its spot as the third largest oil consumer. Gas consumption has increased at a CAGR of 3.40% between 2007-2017 and demand is projected to further rise significantly by 2040. The country increasingly relies on imports to meet its growing demand for oil and gas.
The document provides an overview of India's oil and gas sector. Some key points:
- India is the second largest refiner in Asia and the fourth largest LNG importer globally.
- Domestic demand for oil and gas is expected to significantly increase due to strong economic growth and rising energy needs.
- State-owned companies dominate upstream exploration and production as well as downstream refining and distribution, though private companies have an increasing role.
- India relies heavily on imports to meet its growing energy needs but is seeking to boost domestic production and infrastructure.
The document provides information on India's oil and gas sector. Some key points:
- India is the world's fourth largest energy consumer and fourth largest oil consumer. Oil consumption is expected to reach 4.0 million barrels per day by 2016.
- State-owned companies dominate the oil and gas sector in India. ONGC is the largest player in upstream exploration and production. IOC controls over 10 refineries and a large pipeline network.
- India relies heavily on oil and gas imports to meet domestic demand. However, domestic crude oil production has been increasing in recent years supported by new oil fields coming online.
The document provides an overview of India's oil and gas sector. Some key points:
- India is the third largest energy consumer globally and its energy demand is expected to nearly double by 2040.
- State-owned companies dominate India's oil and gas sector, controlling the majority of oil production, refining capacity, and pipelines.
- Oil demand in India is projected to double by 2045 while natural gas demand is expected to grow by 25 billion cubic meters by 2024.
- The government has introduced policies to boost private sector participation and increase domestic oil and gas production to meet rising energy needs.
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The document provides a sectorial analysis of the oil and gas industry in India. It discusses the industry's contribution to the Indian economy through employment, GDP contribution, and FDI inflows. It analyzes the competitive landscape and profiles the top companies in the sector. The summary also examines the government's current policies supporting the industry and outlines future prospects like planned investments to increase refining capacity and expand the national gas pipeline network.
- India is the world's fourth largest energy consumer and demand is expected to double by 2035. Oil and gas account for 37% of India's total energy consumption.
- Oil consumption is estimated to reach 4.0 million barrels per day by 2016, growing at a 3.2% annual rate. India was the sixth largest LNG importer in the world in 2011.
- Domestic gas production meets over three-quarters of India's gas demand but imports are growing rapidly and expected to increase at a 33% annual rate between 2012-2017.
The document summarizes investment opportunities in India's oil and gas sector. It notes that India is the 6th largest consumer of oil globally and imports over 60% of its needs. Several policies encourage 100% foreign investment in areas like natural gas and refineries. The sector attracted $5.13 billion between 2000-2014. Major companies like Reliance and ONGC are investing billions in exploration, drilling, and offshore projects. With demand projected to greatly outpace domestic supply, the document outlines opportunities in areas like shale gas, pipelines, refining and technology partnerships to boost upstream production.
The oil and gas sector in India is expected to be worth $139 billion by 2015 and represents a major investment opportunity. India is the sixth largest consumer of oil globally and relies on imports for over 60% of its oil needs. Several government policies encourage investment in the sector, including allowing 100% foreign ownership. Potential areas for investment include developing India's shale gas resources, underground coal gasification, and providing equipment and services for oil and gas exploration and production.
An Overview of Oil And Gas Industry In IndiaVARUN KESAVAN
The oil and gas sector is among the six core industries in India and plays a major role in influencing decision making for all the other important sections of the economy.
In 1997–98, the New Exploration Licensing Policy (NELP) was envisaged to fill the ever-increasing gap between India’s gas demand and supply. India’s economic growth is closely related to energy demand; therefore the need for oil and gas is projected to grow more, thereby making the sector quite conducive for investment.
The Government of India has adopted several policies to fulfil the increasing demand. The government has allowed 100 per cent Foreign Direct Investment (FDI) in many segments of the sector, including natural gas, petroleum products, and refineries, among others. Today, it attracts both domestic and foreign investment, as attested by the presence of Reliance Industries Ltd (RIL) and Cairn India.
The oil sector in India plays a major role in the economy. It includes processes like exploration, extraction, refining, transporting and marketing of petroleum products. India imports over 70% of its oil needs and the sector contributes around 15% to India's GDP. Several government companies operate in the sector and it attracts significant domestic and foreign investments, however issues like dependence on imports and limited domestic reserves remain.
The oil and gas sector is a major industry in India, accounting for 6% of GDP. The government has implemented policies to increase investment and production in order to meet rising domestic demand. Key facts:
- India imports LNG and aims to increase domestic gas production significantly by 2040.
- Major players like ONGC and IOCL dominate upstream production and downstream refining and pipelines.
- The sector attracted over $6 billion in FDI from 2000-2016 and sees continued investments in expansion and new technologies.
- Government initiatives aim to further promote exploration, increase access to fuels, and train workers to support industry growth.
The document discusses India's oil and gas industry. It covers key topics like market size, investments, government initiatives, future outlook, and challenges. Some of the main points are:
- India's oil and gas sector plays a major role in the economy and energy demand is projected to double by 2040. The government allows 100% FDI and various policies to boost investment.
- Major players make large investments to increase capacity and diversify into renewable energy. The government aims to boost domestic production, expand infrastructure, and provide more LPG connections.
- India's energy demand is expected to grow rapidly due to economic growth. Oil consumption could reach 10 million barrels per day by 2030 and natural gas use
Similar to Oil and Gas Sector Report - January 2019 (13)
Tamil Nadu has a strong and growing economy, as evidenced by its GSDP which grew at a CAGR of 11.46% between 2011-12 and 2018-19, reaching Rs. 16.06 trillion (US$ 222.58 billion) in 2018-19. The state has a diversified industrial base and thriving services sector, especially in IT/ITeS. It also has robust infrastructure including roads, ports, airports, and an emphasis on further infrastructure development. With various initiatives like Vision 2023, Tamil Nadu aims to boost its economy and attract significant domestic and foreign investments over the coming years.
India has become the second largest steel producer in the world in 2018. Steel production and capacity in India have grown rapidly over the past decade, with capacity reaching 137.98 million tonnes in 2017-18. Consumption has also increased steadily, driven by growth in infrastructure, automotive, and other sectors. The government has implemented policies like the National Steel Policy to encourage further capacity growth to 300 million tonnes by 2030-31. Low per capita consumption compared to other countries also provides significant potential for further demand growth.
The document provides an overview of India's services sector, including:
1) The services sector contributes over 50% of India's GDP and grew at 12.75% in 2018-19, demonstrating its importance as the key driver of India's economic growth.
2) India has a large skilled workforce and is a global outsourcing hub, commanding a 55% share of the global sourcing market, which has helped establish the country as a leading provider of technology and digital services.
3) The government is working to further develop the services sector through initiatives like 'Startup India' and reforms that make India an attractive investment destination for both domestic and foreign investors.
The document provides an overview of the real estate sector in India. It discusses that the real estate sector is expected to reach $1 trillion by 2030 and contribute 13% of India's GDP by 2025. Rapid urbanization is driving demand for residential and commercial real estate space. The residential segment contributes around 80% of the sector currently. Government policies like Housing for All and Smart Cities are further boosting growth.
Rajasthan has experienced strong economic growth in recent years. Between 2011-12 and 2018-19, the state's Gross State Domestic Product grew at a compound annual growth rate of 11.37% to reach $128.1 billion. The tourism industry in Rajasthan is thriving, with over 47.5 million tourist arrivals in 2017, and the state is a leading producer of agro-based products. Rajasthan also has immense potential for renewable energy generation from solar and wind sources.
Indian Railways is the third largest rail network in the world by size. It saw strong revenue growth over the past decade, with freight accounting for over 65% of revenues in FY19. Freight and passenger traffic have both increased steadily in recent years. Various modernization initiatives are underway to upgrade infrastructure and technology. Private sector participation is being encouraged to augment rail connectivity and capacity.
India has the third largest installed power capacity in the world at 356.10 GW as of March 2019. It is the third largest producer and consumer of electricity globally. India has achieved 100% household electrification and aims to increase renewable energy capacity to 175 GW by 2022. Thermal energy accounts for over 63% of total installed capacity, while renewable sources account for 21.8%. The power sector in India is growing rapidly and offers many opportunities for investment and development.
Nagaland has a Gross State Domestic Product (GSDP) of around 0.24 trillion Indian rupees in 2017-18, growing at a CAGR of 11.83% between 2011-12 and 2017-19. The per capita GSDP in 2017-18 was 113,549 rupees, growing at a CAGR of 10.66% in the same period. Nagaland's Net State Domestic Product (NSDP) in 2016-17 was 0.19 trillion rupees, growing at 15.72% between 2011-12 and 2016-17. The per capita NSDP in 2016-17 was 90,168 rupees, growing at 12.
Meghalaya has the highest rainfall in India and diverse soil types that support agriculture. The state has strong potential in floriculture, bamboo processing, and medicinal plants due to its biodiversity. Meghalaya also has large hydroelectric power potential and abundant mineral resources. The state aims to promote industries like agro-processing, horticulture, minerals and tourism to create opportunities for its population.
- The Indian infrastructure sector is experiencing significant growth due to rising government investments and initiatives such as allocating Rs 4.56 lakh crore for infrastructure in the FY 2019-20 budget.
- Private sector participation is increasing across segments like roads, power and airports. Infrastructure sectors like power transmission and renewable energy will drive future investments.
- Improving connectivity through initiatives like Bharatmala Pariyojana and Sagarmala will boost infrastructure growth. 100% villages connectivity through roads is expected by 2019 under PMGSY.
The document provides an overview of the media and entertainment industry in India. Some of the key points from the document are:
- The Indian media and entertainment industry is growing rapidly at a CAGR of 12-13% and is expected to reach Rs. 3.73 lakh crore by 2022.
- Television is the largest segment with a market size of Rs. 740 billion in 2018, expected to reach Rs. 955 billion by 2021. Digital media, animation and VFX, and online gaming are among the fastest growing segments.
- Advantages for the industry in India include rising incomes, evolving lifestyles, a large young population, increasing digitization, and government support through
- The manufacturing sector is a major employer in India and aims to provide 25% of GDP and 100 million new jobs by 2022. It has grown at a CAGR of 4% between FY12-19 and contributes significantly to India's exports.
- The document discusses India's advantage in manufacturing including a large domestic market, favorable demographics, and government initiatives like Make in India. Key sub-sectors, growth drivers and the evolution of the sector are also outlined.
- Recent trends show growth in production, IIP, capacity utilization and exports, indicating the sector is expanding. The government has implemented various policies to develop manufacturing and make India a global hub.
Manipur has a flourishing bamboo processing industry as it is one of India's largest bamboo producing states. It also has a strong handicrafts industry, being home to the highest number of handicraft units and artisans in North East India. Handlooms is the largest cottage industry in Manipur. The state has strong potential for border trade opportunities through Moreh town, which is India's only land route for trade with Myanmar and Southeast Asia. Manipur is also home to the Ema Bazaar, one of India's largest markets run exclusively by women. Due to its natural beauty and biodiversity, Manipur is a popular tourist destination known as the "Switzerland of the East".
The document provides an overview of the economy of Himachal Pradesh, India. Some key points:
- Himachal Pradesh has a strong economic growth rate, with its GSDP reaching Rs. 1.52 trillion (US$21.04 billion) in 2018-19 growing at 11.09% annually.
- The state has a diverse economy with key sectors being tourism, agriculture, and hydroelectric power. Agricultural production and tourism visitor numbers are increasing.
- Himachal Pradesh has a large hydroelectric power potential and is becoming a major hub for hydroelectricity in India, though only around 40% of its potential has been harnessed so far.
Gujarat has experienced high economic growth rates in recent years.
- Gujarat's GSDP grew at a CAGR of 13.55% from 2011-12 to 2016-17, reaching Rs. 11.62 trillion (US$ 173.24 billion) in 2016-17.
- The state's per capita GSDP increased from Rs. 101,075 (US$ 2,108) in 2011-12 to Rs. 178,043 (US$ 2,654) in 2016-17, registering a CAGR of 11.99%.
The document provides an overview of India's gems and jewellery sector. Some key points:
- India is a major player in global gems and jewellery trade, contributing about 7% to India's GDP and employing over 4.6 million people.
- India is the world's largest cut and polished diamond exporter, exporting over 75% of global polished diamonds. It also processes over $23 billion worth of diamonds annually.
- Exports of cut and polished diamonds and gold jewellery have registered steady growth in recent years. Imports have also increased at a CAGR of nearly 8% between 2004-2018.
- The sector is adopting strategies like expanding retail networks, providing financing options
The engineering and capital goods industry in India is growing rapidly. The turnover of the capital goods industry reached $70 billion in 2017 and is forecasted to reach $115.17 billion by 2025. Electrical equipment production is also growing and is expected to reach $100 billion by 2022, up from $27.3 billion in 2017-18. The engineering research and design segment is also expanding, with revenues projected to increase from $28 billion in FY18 to $42 billion in FY22. Growth is being driven by increasing industrialization, infrastructure development, and capacity expansion across various core sectors in India.
Major e-commerce players in India have adopted strategies like expanding into new categories like groceries and used goods, acquiring analytics startups to improve pricing and positioning, and launching ancillary services like payments, logistics and video streaming. They have also introduced subscription models and personalized experiences to provide extra benefits and tailor their offerings to individual customer needs and interests.
Delhi has experienced strong economic growth, with its gross state domestic product increasing at a compound annual growth rate of 12.41% between 2011-12 and 2018-19. The real estate sector has been an important contributor to the state's economy. Delhi also has a growing tourism industry, owing to its historical and cultural attractions. The state government is working to improve infrastructure and implement policies to facilitate industrial development and attract investment across various sectors.
Chhattisgarh has a strong mineral production base and is a leading producer of coal and iron ore in India. It is the only state that produces tin concentrates. The state has emerged as a preferred investment destination and has witnessed strong growth in the agriculture sector. Key sectors driving growth include minerals, power, agriculture and tourism. Chhattisgarh aims to further develop its infrastructure, promote industries and boost skill development to achieve its vision of becoming an industrialized state.
Discovering Delhi - India's Cultural Capital.pptxcosmo-soil
Delhi, the heartbeat of India, offers a rich blend of history, culture, and modernity. From iconic landmarks like the Red Fort to bustling commercial hubs and vibrant culinary scenes, Delhi's real estate landscape is dynamic and diverse. Discover the essence of India's capital, where tradition meets innovation.
Explore the world of investments with an in-depth comparison of the stock market and real estate. Understand their fundamentals, risks, returns, and diversification strategies to make informed financial decisions that align with your goals.
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
Calculation of compliance cost: Veterinary and sanitary control of aquatic bi...Alexander Belyaev
Calculation of compliance cost in the fishing industry of Russia after extended SCM model (Veterinary and sanitary control of aquatic biological resources (ABR) - Preparation of documents, passing expertise)
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
2. Table of Content
Executive Summary……………….….…….3
Advantage India…………………..….……...4
Market Overview and Trends………..……..6
Notable Trends and Strategies..…..……...23
Growth Drivers…...……………...……….…28
Opportunities...……………………..............35
Useful Information……….......…………..…38
3. For updated information, please visit www.ibef.orgOil & Gas3
EXECUTIVE SUMMARY
As of September 1, 2018, the oil refining capacity of India stood at 247.6 million tonnes, making it the second
largest refiner in Asia. Private companies own about 35.62 per cent of the total refining capacity.
Source: US Energy Information Administration (EIA), Ministry of Petroleum and Natural Gas, BP Statistical Review 2018, News sources
India’s energy demand is expected to double to 1,516 Mtoe by 2035 from 753.7 Mtoe in 2017. Moreover, the
country’s share in global primary energy consumption is projected to increase by 2-folds by 2035.
Consumption of petroleum products in India increased 4.1 per cent to 210 million tonnes in 2018.
India’s consumption of petroleum products grew 5.31 per cent to 204.992 MMT in FY18 from 194.597 MMT in
FY17. Petroleum products’ consumption during Apr-Nov 2018 stood at 138.93 MMT.
India retained its spot as the third largest consumer of oil in the world in 2017.
LNG imports into the country accounted for about one-fourth of total gas demand, which is estimated to
further increase by two times, over next five years. To meet this rising demand the country plans to increase
its LNG import capacity to 50 million tonnes in the coming years.
India increasingly relies on imported LNG; the country is the fourth largest LNG importer and accounted for
5.68 per cent of global imports.
India imported 18.05 MMT of LNG during 2017-18, in comparison to 18.63 MMT in 2016-17. Imports during
Apr-Oct 2018 stood at 12.4 MMT.
Notes: MMT - Million Metric Tonnes, Mtoe – Million Tonnes of Oil Equivalent; mbpd – Million Barrels Per Day; Figures mentioned in this slide is as per latest data available
World’s third-largest
energy consumer
Third-largest consumer
of oil
Fourth-largest LNG
importer in 2017
Second largest refiner
in Asia
5. For updated information, please visit www.ibef.orgOil & Gas5
ADVANTAGE INDIA
India is the world’s third largest energy
consumer globally
Demand for primary energy in India is
to expected increase threefold by 2035
to 1,516 million tonnes of oil
Diesel demand in India is expected to
double to 163 million tonnes (MT) by
2029-30.
The oil and gas industry is growing
robustly and players are undertaking
investments to cater to the burgeoning
demand.
The industry is expected to attract US$ 25
billion investments in exploration and
production by 2022.^
Refining capacity in the country is
expected to increase to 667 MTPA by
2040.*
The government allows 100 per cent
Foreign Direct Investment (FDI) in
upstream and private sector refining
projects
The FDI limit for public sector refining
projects has been raised to 49 per cent
without any disinvestment or dilution of
domestic equity in the existing PSUs
Government has enacted various
policies such as the OALP and CBM
policy to encourage investments
In September 2018, Government of
India approved fiscal incentives to
attract investments and technology to
improve recovery from oil fields which
is expected to lead to hydrocarbon
production worth Rs 50 lakh crore
(US$ 745.82 billion) in the next twenty
years.
ADVANTAGE
INDIA
Source: Business Monitor International (BMI), World Oil Outlook 2012, Ministry of Petroleum and Natural Gas, BP Statistical Review 2015, Make in India.
Note: OALP – Open Acreage Licensing Policy, CBM – Coal Bed Methane, MTPA – Million Tonnes Per Annum, ^As per Directorate General of Hydrocarbons, *As per Working Group on
Enhancing Refining Capacity by 2040
7. For updated information, please visit www.ibef.orgOil & Gas7
STATE-OWNED COMPANIES DOMINATE OIL AND GAS IN
INDIA
Source: BP Statistical Review 2018, US Energy Information Administration, Petroleum Planning and Analysis Cell, Aranca Research
India remained as the third largest energy consumer in 2017.
India’s oil production reached 35.68 Mt in 2017-18 . As of 2017, the country had 600 million metric tonnes (MMT) of proven oil reserves
India had 1.2 trillion cubic metres of proven gas reserves at the end of 2017 and produced 31.83 bcm of gas in FY18 which is expected to rise and
reach 36 bcm^ by 2021.
State-owned ONGC dominate the upstream segment.
It is the largest upstream company in Exploration and Production (E&P) segment, accounting
for approximately 58.26 per cent of the country’s total oil output (FY18).
IOCL operates a 13,391 km network of crude, gas and product pipelines, with a capacity of
1.896 mbpd of oil and 9.5 mmscmd of gas
This is around 30 per cent of the nation’s total pipeline network
IOCL is the largest company, controls 10 out of 22 Indian refineries, with a combined capacity
of 1.31 mbpd
Reliance launched India’s 1st privately owned refinery in 1999 and has gained considerable
market share (30 per cent)
Nayara Energy Limited’s (NEL’s) Vadinar refinery has a capacity of 20 mmtpa, currently
accounting for around 10 per cent of total refining capacity
Indian Oil and
Gas sector
Upstream segment
- exploration and
production
Midstream
segment – storage
and transportation
Downstream
segment – refining,
processing and
marketing
Notes: bcm – Billion Cubic Metres, mbpd – Million Barrels Per Day, mmscmd - Million Metric Standard Cubic Metre Per Day, mmtpa -- million metric tons per annum, ^As per IEA
8. For updated information, please visit www.ibef.orgOil & Gas8
OIL SUPPLY AND DEMAND IN INDIA
Source: Ministry of Petroleum and Natural Gas, BP Statistical Review 2018, Aranca Research
Note: CAGR – Compound Annual Growth Rate, mbpd – Million Barrels Per Day, P - Provisional, FY19* - up to November 2018, ^As per OPEC, Based on 50 MMT = 1 MBPD
2.94
3.08
3.24
3.32
3.49
3.69
3.73
3.85
4.16
4.56
4.69
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
5.00
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Oil consumption in India (2008-17) (mbpd)
Oil consumption has expanded at a CAGR of 4.78 per cent during 2007–17 to reach 4.69 mbpd by 2017.
Due to the expected strong growth in demand, India’s dependency on oil imports is likely to increase further
Rapid economic growth is leading to greater outputs, which in turn is increasing the demand of oil for production and transportation
India’s crude oil demand is expected to increase over 150 per cent to 10.1 million tonnes per day by 2040.^
In FY18, total crude oil imports were valued at US$ 87.37 billion as compared to US$ 70.71 billion in FY17. In FY18, crude oil imports increased to
4.41 mbpd from 4.27 mbpd in FY17. Crude oil imports during Apr-Nov 2018 stood at 3.02 mbpd.
3.19
3.27
3.43
3.70
3.78
3.79
4.06
4.28
4.41
3.02
0.67 0.75
0.76
0.76 0.76 0.75
0.74
0.72 0.64
0.46
0.00
1.00
2.00
3.00
4.00
5.00
6.00
FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19*
Oil Imports (mbpd) Oil Production (mbpd)
Imports and domestic oil production in India (mbpd)
9. For updated information, please visit www.ibef.orgOil & Gas9
GAS SUPPLY AND DEMAND IN INDIA
38.81
39.99
48.34
59.49
61.32
56.66
49.81
49.64
46.41
50.83
54.20
1,015.44
1,049.12
1,073.44
1,105.50
1,230.13
1,280.36
1,303.96
1,373.63
1,204.94
1,181.37
1,241.44
0
200
400
600
800
1000
1200
1400
1600
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Gas Consumption Proven Gas Reserves
Source: PPAC, BP Statistical Review 2018, Aranca Research
Note: F – Forecast, bcm – Billion Cubic Metres, CAGR – Compound Annual Growth Rate Figures are as per latest data available, FY19* - up to November 2018
India’s gas consumption has increased at a CAGR of 3.40 per cent between 2007 and 2017.
Demand is not likely to simmer down anytime soon, given strong economic growth and rising urbanisation.
Gas consumption is projected to reach 143.08 bcm by 2040. The government is planning to invest US$ 2.86 billion in the upstream oil and gas
production to double the natural gas production to 60 bcm and drill more than 120 exploration wells by 2022 .
India’s natural gas imports increased at a CAGR of 10.53 per cent during FY10–FY18.
Proven reserves and total gas consumption in the country (bcm)
47.49
52.22
46.48
39.78
34.64
32.79
31.24
30.92
31.80
21.25
11.82
12.89
17.58
17.33
17.20
18.55
21.39
21.6
22.7
18.59
0.00
10.00
20.00
30.00
40.00
50.00
60.00
70.00
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19*
Gas production Gas Imports
Domestic gas production and imports (bcm)
10. For updated information, please visit www.ibef.orgOil & Gas10
EXPORTS OF PETROLEUM PRODUCTS FROM INDIA
51.15
59.08
60.84
63.41
67.86
63.93
60.54
65.51
66.76
41.69
0
10
20
30
40
50
60
70
80
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18P
FY19*
Exports of Petroleum Products from India (MMT)
Source: PPAC, BP Statistical Review 2018
Note: MMT – Million Metric Tonnes, P – Provisional, FY19* - up to November 2018, HSD – High speed Diesel, MS – Motor Spirit, ATF – Aviation Turbine Fuel, LPG – Liquefied Petroleum
Gas, LDO – Light Diesel Oil, SKO – Superior Kerosene Oil, LOBS – Lubricating Oil Base Stocks, ^Others includes Hexane, Benzene, MTO (Mineral Turpentine Oil), Sulphur, etc
19,179.00
8,611.00
4,996.00
4,894.00
1,365.00
259.00
12.00
99.00
13.00
798.00
5.00
1,457.00
0
5000
10000
15000
20000
25000
30000
HSD
MS
Naptha
ATF
FuelOil
LPG
Bitumen
LDO
SKO
Petcoke/CBFS
LOBS
Others^
Product-wise export of Petroleum Products from India in FY19*
(MMT)
India is one of the largest exporters of refinery products due to the presence of various refineries. The country had the fourth largest oil refining
capacity and fourth largest refinery throughput globally in 2017.
Exports of petroleum products from India increased from 51.15 MMT in FY10 to 66.76 MMT in FY18P. In FY19*, exports stood at 41.69 MMT.
The total value of petroleum products exported from the country stood at US$ 34.89 billion in FY18.
HSD was the major export item among petroleum products, followed by MS, Naptha and ATF.
11. For updated information, please visit www.ibef.orgOil & Gas11
UPSTREAM SEGMENT: CRUDE OIL AND GAS
PRODUCTION (1/2)
22.50
21.80
20.50
19.20
20.80
21.10
20.90
20.80
13.20
3.60 3.80
3.70
3.50
3.40 3.20 3.30 3.40
2.20
9.50
10.30
11.50
12.00
11.70
11.20
10.40
9.90
6.50
0
5
10
15
20
25
30
35
40
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19*
ONGC OIL Pvt/JV
Source: Ministry of Petroleum and Natural Gas, Aranca Research
Notes: MMT – Million Metric Tonne, JV – Joint Venture, FY19* - up to November 2018 (Provisional)
Crude Oil Production (in MMT)
16.43
18.03
19.44
19.59
18.54
17.85
17.59
17.54
21.28
20.06
18.42
18.20
18.92
19.09
18.42
18.14
-
5
10
15
20
25
30
35
40
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18
Onshore Offshore
Annual crude oil production (in MMT)
In 2017-18, crude oil production stood at 35.68 million tonnes. Crude oil production without inclusion of condensates reached nearly 34 million
tonnes.
ONGC accounted for around 58.26 per cent of total crude oil production in India.
12. For updated information, please visit www.ibef.orgOil & Gas12
UPSTREAM SEGMENT: CRUDE OIL AND GAS
PRODUCTION (2/2)
23,095
23,316
23,549
23,284
22,023
21,177
22,088
23,429
16,129
26,054
21,609
14,491
9,497
8,912
8,235
6,872
6,338
3,736
2,350
2,633
2,639
2,626
2,722
2,838 2,937 2,881
1,828
-
10,000
20,000
30,000
40,000
50,000
60,000
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19*
ONGC Pvt/JV OIL
Source: Ministry of Petroleum and Natural Gas; Aranca Research
Note: JV – Joint Venture, ^Including CBM production, FY19* - up to November 2018
Annual gas production (million metric standard cubic meter)
8,577.00
9,083.80
8,876.92
9,011.68
8,795.63
9,237.48
9,858.48
10,638.68
7,162.96
43,645.10
38,474.84
31,802.35
26,395.20
24,860.64
23,011.74
22,038.23
22,010.62
14,620.78
0
5000
10000
15000
20000
25000
30000
35000
40000
45000
50000
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19*
Onshore^ Offshore
Annual gas production (million metric standard cubic meter)
13. For updated information, please visit www.ibef.orgOil & Gas13
UPSTREAM SEGMENT: EXPLORATION AND
DEVELOPMENT ACTIVITIES
59
85
149
266
0
50
100
150
200
250
300
350
400
Offshore Onshore
Wells Meterage ('000 metres)
Source: Ministry of Petroleum and Natural Gas, Aranca Research, BMI
Notes: P– Provisional, *OALP – Open Acreage Licensing Policy
Exploration activities (FY18P)
63
338
165
649
0
200
400
600
800
1000
1200
Offshore Onshore
Wells Meterage ('000 metres)
Development drilling activities (FY18P)
During FY18 (P), 1,228,000 metres of wells were explored and developed and 545 wells were drilled in the country.
State-owned oil companies undertake most of the upstream drilling and exploration work.
In September 2018, investments worth Rs 5,900 crore (US$ 840.70 million) were committed in 55 oil and gas exploration areas awarded under
Open Acreage Licensing Policy – 1. The Government of India will soon undertake auction of 14 more blocks in the second round.
The government is planning to invest US$ 2.86 billion in the upstream oil and gas production to double the natural gas production to 60 bcm and
drill more than 120 exploration wells by 2022.
14. For updated information, please visit www.ibef.orgOil & Gas14
PIPELINES: CRUDE PIPELINE NETWORK
41.23%
34.25%
5.92%
18.60%
ONGC
IOC
OIL
Others*
51.33%
11.55%
11.54%
25.58%
IOCL
OIL
ONGC
Others*
Source: Ministry of Petroleum and Natural Gas, Aranca Research
Note: km – Kilometre, mmtpa – Million Metric Tonnes Per Annum, (1)Approximate, *Others includes HMEL, BPCL and Cairn
Shares in crude pipeline network by length
(out of 10,328 km, Dec 1, 2018)1
Shares in crude pipeline network by capacity
(out of 141.9 MMTPA, Dec 1, 2018)1
As of Dec 01, 2018, India had a network of 10,328 km of crude pipeline having a capacity of 141.9 mmtpa(1).
In terms of length, IOCL accounts for 51.33 per cent (5,301 km) of India’s crude pipeline network.
In terms of actual capacities, ONGC leads the pack with a share of 41.23 per cent, followed by IOCL at 34.25 per cent.
15. For updated information, please visit www.ibef.orgOil & Gas15
PIPELINES: EXISTING PIPELINES IN INDIA
IOCL BPCL(1) HPCL(2) OIL ONGC Cairn HMEL Others (GAIL and Petronet India.) Total industry
Length (Kms)
Product
Pipeline
7,909 2,241 3,371 654 - - - 2,395 16,570
Crude oil
Pipeline
5,301 937 - 1,193 1,192 688 1,017 - 10,328
Total 13,210 3,178 3,371 1,847 1,192 688 1,017 2,395 26,898
Capacity of Crude Oil Pipelines (MMTPA)
Product
Pipeline
45.4 19.5 38.1 1.7 - - - 6.0 110.6
Crude oil
Pipeline
48.6 6.0 - 8.4 58.5 9.1 11.3 - 141.9
Total 94.0 25.5 38.1 10.1 58.5 9.1 11.3 6.0 252.5
Source: Ministry of Petroleum and Natural Gas, Aranca Research
Note: kms – Kilometres, mmtpa – Million Metric Tonnes Per Annum, (1)Includes Petronet Cochin-Coimbatore-Karur Product pipeline, (2)Includes Petronet Mangalore-Hassan-Bangalore
Product Pipeline
Company-wise length and capacity of products pipeline and crude oil pipeline (as of Dec 1, 2018)
Government of India is planning to invest Rs 70,000 crore (US$ 9.97 billion) to expand the gas pipeline network across the country.
16. For updated information, please visit www.ibef.orgOil & Gas16
PIPELINES: REFINED PRODUCTS AND LPG PIPELINE
NETWORK
70.32%
10.99%
15.98%
1.84% 0.86%
GAIL
Reliance
GSPL
ARN
IOCL
47.73%
20.34%
13.52%
3.95%
14.45%
IOC
HPCL
BPCL
OIL
Others
Source: Ministry of Petroleum and Natural Gas, Aranca Research
Shares in products pipeline network under operation by length
(out of 16,570 km, Dec 1, 2018 )
Shares in Natural Gas pipeline network by length
(out of 16,226 km, Dec 1, 2018)
With 16,570 km of refined products pipeline in India, Indian Oil Corporation (IOC) leads the segment with 47.73 per cent of the total length of
product pipeline network, as of December 01, 2018.
Top three companies IOC, HPCL and BPCL contribute 81.59 per cent of the total length of product pipeline network in the country.
As of December 01, 2018, Gas Authority of India Ltd. (GAIL) has largest share (70.32 per cent or 11,410 km) of the country’s natural gas pipeline
network (16,226 km)
Note: km - Kilometre, mmtpa – Million Metric Tonnes Per Annum, LPG - Liquefied Petroleum Gas, IOC - Indian Oil Corporation, HPCL - Hindustan Petroleum Corporation Ltd, BPCL -
Bharat Petroleum Corporation Ltd, OIL - Oil India Limited, (1)Others include GAIL and Petronet India
17. For updated information, please visit www.ibef.orgOil & Gas17
DOWNSTREAM SEGMENT: REFINERY CRUDE
THROUGHPUT… (1/2)
108.03
112.51
112.17
112.13
115.11
122.58
130.57
134.22
134.73
144.20
154.3
160.77
99.12
33.43
38.29
48.54
74.44
81.38
81.18
88.27
88.23
88.53
88.66
91.09
91.16
59.84
0
50
100
150
200
250
300
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19*
Public sector Private sector
Source: Ministry of Petroleum and Natural Gas, Aranca Research
Note: MMT – Million Metric Tonne, Public Sector includes IOCL ,BPCL ,HPCL, CPCL and ONGC, Private sector includes RIL and ESSAR Oil Ltd, FY19* - up to November 2018
India has 23 refineries, out of which 18 are in the public sector, two
in the joint sector and three in the private sector.
Crude oil throughput of public sector refineries has grown at a CAGR
of 3.68 per cent from 108.03 MMT in FY07 to 160.77 MMT in FY18.
During the same time, crude oil throughput of private sector
refineries has grown at a CAGR of 9.55 per cent from 33.43 MMT to
91.16 MMT.
The share of private sector refineries’ throughput in total crude
throughput has grown from 29.99 per cent in FY07 to 36.18 per cent
in FY18.
Refinery crude throughput of public sector and private sector stood
at 99.12 MMT and 59.84 MMT, respectively, during Apr-Nov 2018.
Visakhapatnam port traffic (million tonnes)Refinery crude throughput (MMT)
18. For updated information, please visit www.ibef.orgOil & Gas18
DOWNSTREAM SEGMENT: REFINERY CRUDE
THROUGHPUT… (2/2)
Shares in India's total refining capacity (As of Dec 1, 2018)
116.89
120.07
120.07
120.07
120.07
135.07
139.00
142.10
161.20
76.50
93.00
95.00
95.00
95.00
95.00
95.00
105.50
88.20
0.00
50.00
100.00
150.00
200.00
250.00
300.00
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19*
Public sector Private sector (incl JV)
Source: Ministry of Petroleum and Natural Gas, PPAC, Aranca Research
Total installed refinery capacity (MMT)
Note: MMT – Million Metric Tonne; HPCL - Hindustan Petroleum Corporation Ltd, BPCL - Bharat Petroleum Corporation Ltd, OIL - Oil India Limited, ONGC - Oil and Natural Gas
Corporation, IOCL - Indian Oil Corporation Ltd, CPCL - Chennai Petroleum Corporation Limited, FY 19* - Dec 1, 2018
As of Dec 01, 2018, the sector’s total installed provisional refinery capacity was 249.4 MMT. IOC emerged as the largest domestic refiner with a
capacity of 69.2 MMT
Top three companies - RIL, IOC and BPCL contribute around 70.46 per cent of India's total refining capacity
27.75%
27.35%
15.36%
10.87%
8.02%
6.05%
4.61% IOC
RIL
BPCL
HPCL
Essar
ONGC
CPCL
249.40 MMT
19. For updated information, please visit www.ibef.orgOil & Gas19
DOWNSTREAM SEGMENT: PETROLEUM PRODUCTS
Consumption of petroleum products in India increased to 204.92
MMT in FY18(P) from 194.60 MMT in FY17.
Petroleum products derived from crude oil include light distillates
such as LPG, naphtha; middle distillates such as kerosene; and
heavy ends such as furnace, lube oils, bitumen, petroleum coke and
paraffin wax
Light distillates with the highest growth rate grew at CAGR of 5.46
per cent, while middle distillates and heavy end segment witnessed a
CAGR of 4.06 per cent and 5.21 per cent respectively, during the
year FY08-18.
Production of petroleum products increased from 3,996 tmt in FY 07
to 4,608 tmt in FY18.
Production of petroleum products by fractionators grew to 3,251.30
tmt during Apr-Nov 2018.
Consumption of Petroleum Products (MMT)
38.4 39.7 39.0 41.4 43.9 46.3 47.6 50.9 54.7 58.5 65.3
62.8 66.4 71.1 75.0 79.4 82.7 81.8 82.8 81.9
88.9
93.5
27.7 27.5 27.7 24.6 24.9 28.1 29.0 31.4 31.6
46.4
46.1
0.0
50.0
100.0
150.0
200.0
250.0
FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18
(P)
Light Distillates Middle Distillates Heavy Ends
Source: Ministry of Petroleum and Natural Gas, Aranca Research
3,996.00
4,084.00
4,191.40
4,363.00
4,168.60
4,175.20
4,089.43
3,871.57
3,657.15
3,377.16
3,457.75
4,608.00
3,251.30
0.00
1000.00
2000.00
3000.00
4000.00
5000.00
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19*
Production of Petroleum Products by Fractionators (tmt)
Note: MMT – Million Metric Tonne, tmt – thousand metric tonne, FY19* - As of November 2018, P - Provisional
20. For updated information, please visit www.ibef.orgOil & Gas20
DOWNSTREAM SEGMENT: DISTRIBUTION AND
MARKETING
85.10 89.57 97.70 104.50 110.50
109.72 97.36
97.36 96.61
107.58
0.0
50.0
100.0
150.0
200.0
250.0
FY14 FY15 FY16 FY17 FY18
Product pipeline Natural Gas Pipeline
Source: Ministry of Petroleum and Natural Gas, Aranca Research
Downstream distribution statistics (MMT)
Pipeline
Capacity (mmtpa)
As of Dec 1, 2018
Length (km)
As of Dec 1, 2018
Crude Pipeline 141.9 10,328
Product Pipeline 110.6 16,570
Natural Gas Pipeline 368.5 16,226
Note: MMT – Million Metric Tonne, mmtpa – Million Metric Tonnes Per Annum, OMC – Oil Marketing Companies, (P) – Provisional, PSU – Public Sector Unit
The total number of OMC retail outlets increased to 63,823 at the
start of December 2018 (P) from 59,595 at the end of FY17.
IOCL, as of Dec 1, 2018, owned the maximum number of retail
outlets in the country (27,412 or 42.95 per cent of total), followed by
HPCL (15,319 or 24.00 per cent), BPCL (14,623 or 22.91 per cent)
and MRPL (6 or 0.01 per cent); the remaining being owned by
private firms.
As of Dec 1, 2018 (P), there were 22,328 LPG distributors (of PSUs)
in India.
21. For updated information, please visit www.ibef.orgOil & Gas21
STATE-WISE CRUDE RESERVE, CAPACITY AND
THROUGHPUT
Source: Ministry of Petroleum and Natural Gas, Aranca Research
State
Balance recoverable reserves
of crude oil, 2018 (MMT)
Assam 160.34
Gujarat 118.20
Rajasthan 17.99
Tamil Nadu 9.16
Andhra Pradesh 7.94
Nagaland 2.38
Arunachal Pradesh 1.74
Tripura 0.07
Total Onshore 317.82
Western Offshore 236.25
Eastern Offshore 40.42
Total Offshore 276.67
State
Installed capacity,
as of April 2017 (mt)
Crude throughput for
FY 2017 (MMT)
Gujarat 101.9 105.01
Maharashtra 19.5 22.05
Haryana 15.0 15.64
Karnataka 15.0 15.97
Tamil Nadu 1.0 0.53
Kerala 15.5 11.82
Andhra Pradesh 8.36 9.42
Uttar Pradesh 8.0 9.23
West Bengal 7.5 7.69
Assam 7.0 6.57
Bihar 6.0 6.53
Punjab 11.3 10.52
Madhya Pradesh 6.0 6.36
Odisha 15.0 8.23
Himachal Pradesh 10.5 9.76
Total 247.56 245.33
Note: Mmt – Million Metric Tonne, mt – Million Tonne,
22. For updated information, please visit www.ibef.orgOil & Gas22
KEY DOMESTIC OIL AND GAS COMPANIES
Source: Bloomberg, Aranca Research
Company
Ownership
(per cent) as of FY18
Total Income from
Operations in FY18
(US$ billion)
Indian Oil Corporation Limited
56.98%
state-owned
65.79
Reliance Industries Public Listed 60.77
Bharat Petroleum Corporation
Limited
54.31%
state-owned
31.13*
Hindustan Petroleum
Corporation Limited
51.11%
state-owned (through
ONGC)
34.06
ONGC
68.07%
state-owned
11.99*
GAIL India Limited
53.59%
state-owned
8.46
Oil India Limited
66.13%
state-owned
1.69*
Note: : FY – Indian Financial Year from April–March , *for FY17
24. For updated information, please visit www.ibef.orgOil & Gas24
NOTABLE TRENDS IN THE OIL AND GAS SECTOR
Government approved the CBM policy in 1997 to boost the development of clean and renewable energy
resources
The CBM policy was designed to be liberal and investor friendly; the 1st commercial production of CBM was
initiated in July 2007 at about 72,000 cubic metres per day. Production in 2017-18 stood at 2.01 million cubic
metres per day.
Coal Bed Methane
(CBM)
The technology was first widely used in the US in the 1800s and in India (Kolkata and Mumbai) in the early
1900s
UCG is currently the only feasible technology available to harness energy from deep unmineable coal seams
economically in an eco-friendly manner and it reduces capital outlay, operating costs and output gas
expenses by 25–50 per cent vis-à-vis surface gasification
Underground Coal
Gasification (UCG)
The government initiated the National Gas Hydrate Programme (NGHP), a consortium of national E and P
companies and research institutions, to map gas hydrates for use as an alternate source of energy
Bio-fuels (bio-ethanol and bio-diesel) are alternate sources of energy from domestic renewable resources;
these have lower emissions compared to petroleum or diesel
Gas hydrates and bio-
fuels
The Open Acreage Licensing Policy (OALP), which allows an explorer to study the data available and bid for
blocks of his choice has been initiated to increase foreign participation by global E & P companies like Shell,
BP, Conoco Phillips etc
As of January 2019, the Government of India has put 14 blocks up for auction in the second round of OALP
and investments worth Rs 40,000 crore (US$ 5.54 billion) are expected.
Open Acreage
Licensing Policy
25. For updated information, please visit www.ibef.orgOil & Gas25
STRATEGIES ADOPTED … (1/3)
Source: Aranca Research , Bloomberg reports, News Articles
Open Acreage Licensing Policy
Expansions
In September 2018, the Government of Gujarat selected Energy Infrastructure Limited (EIL), a subsidiary of the
Netherlands-based Energy Infrastructure Butano (Asia) BV, to set up a Liquefied Petroleum Gas (LPG)
terminal at Okha with an investment of Rs 700 crore (US$ 104.42 million).
H-Energy is planning to invest Rs 3,500 crore (US$ 540.62 million) to build Liquified Natural Gas (LNG)
terminals and lay down a 60 km pipeline.
State run energy firms Bharat Petroleum, Hindustan Petroleum and Indian Oil Corp plan to spend US$ 20
billion on refinery expansions to add units, by 2022
The country’s state owned oil companies aim to sustain spending at a 3 year high due to increasing demand
and declining oil services costs. Indian Oil plans to expand its refining capacity and build new businesses, for
which it will be spending US$ 27.94 billion over the next 5-7 years.
Indian Oil Corp plans to make an investment of US$22.91 billion, including US$ 7.64 billion for expanding its
existing brownfield refineries, in the next 5 to 7 years. Moreover, the company plans to lay the nation's longest
LPG pipeline of 1987 km, from Gujarat coast to Gorakhpur in eastern Uttar Pradesh, to cater to growing
demand for cooking gas in the country.
India targets US$ 100 billion worth investments in gas infrastructure by 2022, including an addition of another
228 cities to city gas distribution (CGD) network. This would include setting up of RLNG terminals, pipeline
projects, completion of the gas grid and setting up of CGD network in more cities.
Reliance Industries Ltd is planning to expand its Jamnagar oil refining capacity by about 50 per cent. After the
expansion, the plant will then be able to process about 30 million tonnes crude oil per year.
As of January 2019, H-Energy is going to invest Rs 3,700 crore (US$ 512 million) for construction of an LNG
project in West Bengal.
26. For updated information, please visit www.ibef.orgOil & Gas26
STRATEGIES ADOPTED … (2/3)
Source: India Banking Association, Reserve Bank of India, Aranca Research
Notes: ATM - Automated Teller Machine, FIP – Financial Inclusion Plan, RBI – Reserve Bank of India
Investments to enhance
production
Indian companies are enhancing production through redevelopment plans to increase recovery rates of
hydrocarbon from oil wells; ONGC in Mumbai High achieved success in implementing this.
Indian Oil Company (IOC) is planning to invest Rs 1.43 lakh crore (US$ 22.19 billion) to nearly double its oil
refining capacity to 150 million tonnes by 2030.
Reliance Industries is planning to enter into a Joint Venture with the world’s largest oil exporter Saudi Arabia in
petrochemicals and refinery projects.
Diversification
Oil companies are focusing on vertical integration for next stage of growth. For instance, oil producer Oil India
Ltd is planning to build and operate refineries, while Indian Oil is planning to enter oil and gas exploration
As of March 2017, Bharat Petroleum Corp. Ltd. (BPCL), an Indian state-controlled oil and gas company, plans
to enter the country’s travel business with the launch of its startup named as “Happy Roads”. The application,
which is available on Android Play Store, documents itineraries and assists the users in planning a fun-filled trip
Move to non-
conventional energy
resources
Companies are looking forward to developing JVs and technical partnership with foreign companies to improve
capabilities to develop shale reserves
The Government of India is planning to set up around 5,000 compressed bio gas (CBG) plants by 2023.
More focus upon small
companies
Private sector units like Adani, Sun Petrochemicals and few new entrants have bagged 1/3rd of small oil and
gas fields.
27. For updated information, please visit www.ibef.orgOil & Gas27
Pilot project Initiated for
Shale Gas Production in
India
Oil and Natural Gas Corp (ONGC) has started Shale Gas exploration by spudding the first Shale Gas well
RNSG-1 in Burdwan District of West Bengal.
Piped Cooking Gas
ONGC has started supply of Piped Natural Gas in Bhubaneswar from October 2017 and is currently laying
down natural gas pipeline in Varanasi.
In May 2018, India launched its biggest auction of City Gas Distribution (CGD) networks. The successful
companies will be permitted to sell Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in 86
geographical areas. The auctions are expected to lead to investments worth Rs 70,000 crore (US$ 10.86
billion).
STRATEGIES ADOPTED … (3/3)
29. For updated information, please visit www.ibef.orgOil & Gas29
GROWTH DRIVERS
Source: Ministry of Petroleum and Natural Gas, US Energy Information Administration, BP Statistical Review of World 2015 Energy, June 2012; BMI, Aranca Research
Notes: TCM - Trillion Cubic Metres, EandP - Exploration and Production
Growing Demand
Robust growth in domestic
market
Increasing demand for natural
gas
Favourable Business Conditions
Abundant raw material
Skilled labour
Government Support
100% FDI investments
allowed
Favourable Policies
30. For updated information, please visit www.ibef.orgOil & Gas30
RISING DEMAND
Energy demand of India is anticipated to grow faster than energy demand of all major economies, on the back of continuous robust economic
growth.
Consequently, India’s energy demand as a percentage of global energy demand is expected to rise to 11 per cent in 2040 from 5.58 per cent in
2017.
Crude oil consumption is expected to grow at a CAGR of 3.60 per cent to 500 million tonnes by 2040 from 221.76 million tonnes in 2017.
Natural Gas consumption is forecasted to increase at a CAGR of 4.31 per cent to 143.08 million tonnes by 2040 from 54.20 million tonnes in 2017.
Diesel demand in India is expected to double to 163 million tonnes (MT) by 2029-30.
Crude oil consumption and forecast (MT)
221.76
500.00
0
100
200
300
400
500
600
2017 2040F
Natural gas consumption and forecast (BCM)
54.20
143.08
0
20
40
60
80
100
120
140
160
2017 2040F
Source: BP Statistical Review of World Energy 2018, BP Energy Outlook 2018
Notes: F-Forecast, MT – Million Tonnes, BCM – Billion Cubic Metres
CAGR 3.60% CAGR 4.31%
31. For updated information, please visit www.ibef.orgOil & Gas31
REGULATORY OVERVIEW OF THE INDUSTRY… (1/2)
Source: Ministry of Petroleum and Natural Gas, Aranca Research
Pricing of CNG and PNG
by CGD Entities (2014)
In 2014, the pricing for CNG (transport) and PNG (domestic) were examined by the Ministry of Petroleum and Natural Gas
while the disclosure of prices of the CNG and PNG commodities were made compulsory
The Policy on Shale Gas
and Oil, 2013
Allows companies to apply for shale gas and oil rights in their petroleum exploration licenses and petroleum mining leases
Open Acreage Licensing
Launched in June 2017, it allows companies to carve out area for petroleum exploration and production. The policy,
launched under Hydrocarbon Exploration and Licensing Policy (HELP), has replaced New Exploration and Licensing Policy
under which bidders did not have the freedom of carving out areas for E&P
National Policy on
Biofuels, 2018
Proposes an indicative target of 20 per cent blending of ethanol in petrol and 5 per cent blending of biodiesel in diesel by
2030
Promotes advanced biofuels through a viability gap funding scheme of Rs 5,000 crore (US$ 745.82 million) in six years for
2G ethanol Bio refineries, along with additional tax incentives.
Integrated Energy Policy
(IEP), 2006
Outlines goals to deal with challenges faced by India’s energy sector
32. For updated information, please visit www.ibef.orgOil & Gas32
REGULATORY OVERVIEW OF THE INDUSTRY… (2/2)
Source: Ministry of Petroleum and Natural Gas, Aranca Research
Petroleum and Natural
Gas Regulatory Board
(PNGRB) Act, 2006
Regulate refining, processing, storage, transportation, distribution, marketing and sale of petroleum, petroleum products
and natural gas
Auto Fuel Policy, 2003
Provide a roadmap to comply with various vehicular emission norms and corresponding fuel quality upgrading
requirements over a period of time
Freight Subsidy (for far-
flung areas) Scheme,
2002
Compensate public sector Oil Marketing Companies (OMCs) for the freight incurred to distribute subsidised products in far-
flung areas
Domestic Natural Gas
Pricing Formula, 2014
New domestic natural gas pricing formula has been formed, which will be revised on an half yearly basis.
Marginal Field Policy
Monetise discovered small oil and gas fields to augment domestic production
Improved fiscal terms viz. no oil cess applicable on crude oil production, no upfront signature bonus, pricing and marketing
freedom for oil and gas and no carried interest by NOCs
Note: NOCs - National Oil Companies
33. For updated information, please visit www.ibef.orgOil & Gas33
FDI INVESTMENTS IN PETROLEUM AND GAS IN INDIA
Source: Department of Industrial Policy and Promotion, Aranca Research
FDI inflows in India’s petroleum and natural gas sector stood at US$ 7,002.27 million during April 2000–June 2018.
7.00
0.10
2.10 0.10
1.10 0.07
0.18 0.03
3.20
7.00
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
FY01-FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19* FY01-FY19*
FDI Inflows in Petroleum and Natural Gas in April 2000-June 2018 (US$ billion)
Note: FY19* - up to June 2018,
34. For updated information, please visit www.ibef.orgOil & Gas34
M&A ACTIVITIES IN THE INDIAN OIL AND GAS
SECTOR
Source: Thomson Banker, News Articles
Date announced Acquirer name Target name Value of deal (US$ million)
Apr 2018 Indian Oil Corporation Ltd (IOCL) Shell Exploration & Production, Oman 329
Feb 2018 ONGC HPCL (51.11 per cent stake) 57,020.39
Feb 2018 ONGC Videsh
Abu Dhabi National Oil Co (10 per cent stake
in offshore oilfield)
600
Aug 2017 Rosneft Essar Oil (49 per cent stake) 1,290
Dec 2016 Oil and Natural Gas Corp's Gujarat State Petroleum Co's 1,200
Dec 2015 ONGC Videsh Ltd (OVL) Vankor oil field 1,260
Jan 2015 Bharat Forge Mecanique Generale Langroise 12.82
Jun 2014 Gulf Petrochem Ltd Sah Petroleums Limited 7.13
Mar 2014 IOCL Progress Energy Canada Ltd Not disclosed
Oct 2013 ONGC Videsh Ltd Parque das Conchas, Brazilian Oilfield 529
Jun 2013
ONGC Videsh Ltd (in partnership
with Oil India Ltd)
Rovuma Area 1 Offshore Block 2,640
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OPPORTUNITIES
Locating new fields for exploration:78 per cent of the country’s sedimentary area is yet to be explored
Development of unconventional resources: CBM fields in the deep sea
Opportunities for secondary/tertiary oil producing techniques
Higher demand for skilled labour and oilfield services and equipment
Expansion in the transmission network of gas pipelines
LNG imports have increased significantly; this provides an opportunity to boost production capacity
In light of mounting LNG production, huge opportunity lies for LNG terminal operation, engineering,
procurement and construction services
Midstream segment
India is already a refining hub with 21 refineries and expansions planned for tapping foreign investment in
export-oriented infrastructure, including product pipelines and export terminals
Development of City Gas Distribution (CGD) networks, which are similar to Delhi and Mumbai’s CGDs
Expansion of the country’s petroleum product distribution network
Downstream segment
Upstream segment
37. For updated information, please visit www.ibef.orgOil & Gas37
SHALE GAS PROSPECTS OF INDIA
Source: EandY; Ministry of Petroleum and Natural Gas, Aranca Research
India has technically recoverable shale gas resources of nearly 96 tcf.
The Cambay, Krishna Godavari, Cauvery and the Damodar Valley are the most prospective sedimentary basins for carrying out shale gas
activities in the country
Around 20 tcf of gas has been classified as technically recoverable reserves in the Cambay basin in Gujarat (the largest basin in the country)
spread across 20,000 gross square miles with a prospective area of 1,940 square miles
It is estimated that the Krishna Godavari (KG) basin encloses a series of organically rich shales, containing around 27 tcf of technically
recoverable gas. KG basin, located in Eastern India, holds the country’s largest shale gas reserves, extending over 7,800 gross square miles with
a prospective area of around 4,340 square miles
In April 2013, the Directorate General of Hydrocarbons (DGH) submitted its policy on exploitation of shale gas to the Ministry of Petroleum and
Natural Gas
India launched its policy on shale gas exploration to tap the non-conventional energy resource in order to boost output.
Great Eastern Energy Corp (GEECL) will invest US$ 2 billion over the next ten years in West Bengal to explore shale gas reserves.
Notes: tcf – Trillion Cubic Feet
39. For updated information, please visit www.ibef.orgOil & Gas39
CONTACT INFORMATION
Name Address Contact person Telephone E-mail
Oil Industry
Development Board
(OIDB)
3rd Floor, Tower C, Plot No. 2, Sector
– 73, Noida, Uttar Pradesh - 201301
Mr Ajay Srivastava, Financial
Adviser and Chief Accounts
Officer
0120-2594630
0120-2594603
facao.oidb@nic.in
Petroleum Conservation
Research Association
(PCRA)
Sanrakshan Bhavan, 10 Bhikaji Cama
Place, New Delhi – 110066
Mr Alok Tripathi, ED
91-11- 26198799
Ext.301
pcra@pcra.org
Bureau of Energy
Efficiency (BEE)
Ministry of Power, 4th floor, SEWA
Bhawan, RK Puram,
New Delhi – 110066
Mr Abhay Bakre, Director
General
91-11- 26178316,
91-11- 26179699
dg-bee@nic.in,
Oil Industry Safety
Directorate
Ministry of Petroleum & Natural Gas,
8th Floor, OIDB Bhawan, Plot No 2,
Sector-73, Noida, Uttar Pradesh-
201301
Mr Varanasi Janardhana Rao,
ED
0120-2593800 rao.vj@gov.in
Petroleum Planning and
Analysis Cell (PPAC)
Ministry of Petroleum and Natural
Gas, 2nd floor, Core-8, SCOPE
Complex, 7 Institutional Area, Lodhi
Road, New Delhi – 110003
Mr Vinod Kumar, Deputy
Director – Information
Technology
011-24306153 webadm@ppac.gov.in
Directorate General of
Hydrocarbons
Ministry of Petroleum and Natural
Gas, OIDB Bhawan, Plot No 2, Sector
73, Noida
Mr Atanu Chakraborty,
Director General
0120 - 2472001 dg@dghindia.org
40. For updated information, please visit www.ibef.orgOil & Gas40
GLOSSARY
B/D (or bpd): Barrels Per Day
MBPD (or mbpd): Million Barrels Per Day
BCM (or bcm): Billion Cubic Metres
CBM: Coal Bed Methane
CGD: City Gas Distribution
EandP: Exploration and Production
FDI: Foreign Direct Investment
FY: Indian Financial Year (April to March)
• FY17 implies April 2016 to March 2017
GoI: Government of India
INR: Indian Rupee
LNG: Liquefied Natural Gas
MMT (or MMT): Million Metric Tonne
MMTPA (or mmtpa): Million Metric Tonnes Per Annum
EBITDA: Earning Before Interest Taxes Depreciation Amortisation
NRL: Numaligarh Refinery Limited
CPCL: Chennai Petroleum Corporation Limited
HPCL: Hindustan Petroleum Corporation Limited
BPCL: Bharat Petroleum Corporation Limited
41. For updated information, please visit www.ibef.orgOil & Gas41
GLOSSARY
IOC: Indian Oil Corporation Ltd
EOL: Essar Oil Ltd
RPL: Reliance Petroleum Limited
MRPL: Mangalore Refinery and Petrochemicals Limited
PCCK: Petronet Cochin-Coimbatore-Karur
PMHB: Petronet Mangalore-Hassan-Bangalore
OALP: Open Acreage Licensing Policy
TOE (or toe): Tonnes of Oil Equivalent
US$ : US Dollar
ONGC: Oil and Natural Gas Corporation of India
IOCL: Indian Oil Corporation Limited
mn bbl: Million Barrels
CAGR: Compound Annual Growth Rate
JV: Joint Venture
UCG: Underground Coal Gasification
NGL: Natural Gas Liquids
OMCs: Oil Marketing Companies
NHGP: National Gas Hydrate Programme
Wherever applicable, numbers have been rounded off to the nearest whole number
42. For updated information, please visit www.ibef.orgOil & Gas42
EXCHANGE RATES
Exchange Rates (Fiscal Year) Exchange Rates (Calendar Year)
Year INR INR Equivalent of one US$
2004–05 44.95
2005–06 44.28
2006–07 45.29
2007–08 40.24
2008–09 45.91
2009–10 47.42
2010–11 45.58
2011–12 47.95
2012–13 54.45
2013–14 60.50
2014-15 61.15
2015-16 65.46
2016-17 67.09
2017-18 64.45
Q1 2018-19 67.04
Q2 2018-19 70.18
Q3 2018-19 72.15
Year INR Equivalent of one US$
2005 44.11
2006 45.33
2007 41.29
2008 43.42
2009 48.35
2010 45.74
2011 46.67
2012 53.49
2013 58.63
2014 61.03
2015 64.15
2016 67.21
2017 65.12
Source: Reserve Bank of India, Average for the year
43. For updated information, please visit www.ibef.orgOil & Gas43
DISCLAIMER
India Brand Equity Foundation (IBEF) engaged Aranca to prepare this presentation and the same has been prepared by Aranca in consultation
with IBEF.
All rights reserved. All copyright in this presentation and related works is solely and exclusively owned by IBEF. The same may not be reproduced,
wholly or in part in any material form (including photocopying or storing it in any medium by electronic means and whether or not transiently or
incidentally to some other use of this presentation), modified or in any manner communicated to any third party except with the written approval
of IBEF.
This presentation is for information purposes only. While due care has been taken during the compilation of this presentation to ensure that the
information is accurate to the best of Aranca and IBEF’s knowledge and belief, the content is not to be construed in any manner whatsoever as a
substitute for professional advice.
Aranca and IBEF neither recommend nor endorse any specific products or services that may have been mentioned in this presentation and nor do
they assume any liability or responsibility for the outcome of decisions taken as a result of any reliance placed on this presentation.
Neither Aranca nor IBEF shall be liable for any direct or indirect damages that may arise due to any act or omission on the part of the user due to any
reliance placed or guidance taken from any portion of this presentation.