Reversing years of decline, state-owned Oil and Natural Gas Corporation (ONGC) has reported a record 6.5 per cent jump in natural gas production to 25.9 billion cubic meters (BCM) in the fiscal year ended March 31, 2019, as it doubles up efforts to raise domestic output to curb imports.
Natural gas production from ONGC-operated nomination fields, NELP blocks and joint venture assets reached 25.819 BCM in 2018-19 as compared to 24.61 BCM output in the previous fiscal, ONGC Chairman and Managing Director Shashi Shanker said here.
The company is on course to produce 42 BCM by the end of fiscal 2022, when its prized KG basin discoveries will come onstream.
