11/01/2015
The oil and gas industry ranks amongst India’s six core industries.
India was the fourth largest consumer of crude oil and petroleum products in the world in 2013, after the United States, China and Japan.
Oil imports constitute over 80% of India’s total domestic oil consumption as of May, 2014.
Oil and gas contribute 39.2% to primary energy consumption.
During 2013-14, natural gas constituted about 7.8% of the energy mix.
India had 47 Trillion cubic feet of proven natural gas reserves at the beginning of 2014. Approximately 34% of total reserves are located onshore, while 66% are offshore.
Investments worth USD 70 Billion are expected across the oil and gas value chain during 2012–17.
At the end of 2013, India had 215.066 MMTPA of refining capacity, making it the second largest refiner in Asia after China. Private joint venture companies own about 41% of total capacity.
India increasingly relies on imported LNG; the country was the fourth-largest LNG importer in 2013 and accounted for 5.5% of global imports.
India’s crude oil pipeline network spans just under 9,460 miles and has a total capacity of 129.4 MMTPA.
