India's Current Status on Natural Gas

India, with a Gross Domestic Product of USD 1.3 trillion and a growth rate of ~ 9.7% in 2010-11, has gained a high level of strategic importance in the world today. Due to its tremendous growth in the last few years, India has always needed and will continue to need new sources of energy to secure its future prosperity.

Below is India’s Energy Portal in 2009 and estimated figures for 2025.

As we can see, multiple sources of energy are currently being used in the nation.
The Indian Gas Market is expected to be one of the fastest growing in the world over the next two decades: the IEA forecasts gas demand to increase at 5.4% per annum over 2007-30 (IEA, 2009) reaching 132 bcm by 2030.

In India, consumption of gas increased from 43 bcm in FY08-09 to 59 bcm in FY09-10.Out of this LNG imports in FY08-09 and FY09-10 were 11 bcm and 12
bcm respectively.
[Source: IEA Statistics]

India’s domestic Natural Gas comes from the Bombay High fields, Panna Mukta & Tapti fields, Ravva Field, KG basin etc. India also imports LNG to meet the demand-supply gap of natural gas, but LNG is more expensive than Natural Gas.

According to reports, India currently accounts for 0.4% of global natural gas reserves and approximately 1% of production.
[KPMG Oil & Gas Overview 2010]