Domestic natural gas output falls 2% in January

9874682053Domestic natural gas production slipped 2.2% year on year (YoY) to 2,551 million standard cubic metre (mscm) in January. The 2.6 million tonne (MT) of crude oil produced in the country during the month was also 4.6% lower than the production in the year-ago period.

Indigenous natural gas production caters to about 51% of the country’s requirements, while around 85% of the country’s crude oil is imported.

Natural gas production in January was, however, the highest monthly output recorded in the ongoing fiscal, with the commencement of production from Reliance Industries and BP’s ultra-deep-water field in the KG D6 Block of the Krishna Godavari basin on the east coast.