Enhancing Production and Offtake Arrangements
Industry Snapshot
Domestic Natural Gas (MMSCM)
HOEC
Robust Demand
• India is the third largest energy
consumer and fourth largest
consumer of gas with demand
primarily met by imports
• Increased domestic production
of Oil & Gas thereby reducing
imports helps reduce forex
outflows
Policy Support
• Government has enacted various
policies such as OALP, DSF and
Production enhancement
Gross natural gas production
59,170
55,697
Natural gas consumption
LNG imports
63,932
60,798
contracts to encourage investment
and private participation
32,875
31,180
31,897
32,649
33,680
24,849
27,439
28,740
• Various steps have been taken
recently by DGH to improve ease
of business
Advantage
INDIA
Supportive FDI
guideline
• The government allows
100% FDI in Upstream and
Private sector refining
projects
Fiscal
Relief
•Industry has asked for fiscal
relief in the form of reduction in
Royalty, Cess, Profit petroleum
2016-17
2017-18
2018-19
2019-20
Domestic Petroleum Products (MMT)
■Crude oil + Condensate production
Petroleum imports
Petroleum products consumption
206
213
214
195
179
182
170
159
36
35.7
34.2
2016-17
2017-18
2018-19
Source Petroleum Planning & Analysis cell (PPAC)
32.2
2019-20
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