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India Oil And Gas Market Size, Share | Industry Report 2024
India Oil And Gas Market
The demand for crude oil expected to 6.45 Billion bbl (Bbbl) in 2024 from 3.96 Bbbl in 2015. Also, the demand for gas is expected to increase from 6.7 Trillion cubic feet (Tcf) to 10.9 Tcf in 2024. Considering the domestic production of oil around 4 million barrels per day, China is highly dependent on the global market of supply. In 2015, China imported 6.7 million of barrels per day which indicated that China reliance on oil importation is more the 60%. It is forecasted that by 2020, China’s crude oil consumption will be 12 million of barrels per day and by 2030, 80% of China’s crude oil dependency will be on importation.
Ministry of China is sparing no efforts in the search for new resources. Considering recoverable shale gas reserves and the gas which were commercially produced, China has total shale gas reserves of 4.6 Tcf. Total recoverable coal bed methane is 10.8 Tcf and total recoverable conventional natural gas is 1.79 Tcf.
Click the link below to view the report description:
www.ameriresearch.com/product/india-oil-gas-market-industry-analysis/
Key findings from the study: -
• Although gas consumption has declined from 2010 to 2014 but it is projected to rise from 8% to 20% by 2025.
• Oil and Natural Gas Corporation (ONGC) dominates the upstream sector, contributing 60.5% of total oil output of industry. The second largest company competing in oil and gas sector in India is Oil India Ltd. ONGC and OIL account for 70% of the total market, while the remaining market is shared by private players.
• Petrogas Pvt Ltd. will collaborate Krishnapathnam Port Co Ltd and Government of Andhra Pradesh will invest 447 million USD to setup LNG regasification storage terminal.
Ameri Research has segmented the India Oil And Gas Market by material categories, product type, end-use and region:
Browse Full Report @ www.ameriresearch.com/product/india-oil-gas-market-industry-analysis/
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