The Oil and Gas sector in India is poised to witness a significant uptick this financial year, with an anticipated increase of 10-15% in natural gas consumption. This surge is primarily driven by the City Gas Distribution (CGD) sector, which has been expanding rapidly across the country. This trend underscores the growing demand for cleaner and more efficient forms of energy in India.
1. The Oil and Gas sector in India is projected to see a significant increase of 10-15% in natural gas consumption this financial year.
2. The surge is mainly driven by the expansion of the City Gas Distribution (CGD) sector throughout India.
3. The growing demand for cleaner and more efficient energy forms in India underpins this increasing trend in natural gas consumption.
4. Government policies promoting the use of clean energy have notably boosted the CGD industry leading to increased accessibility and affordability of natural gas in urban areas.
5. Ongoing industry expansion and policy support are expected to continue influencing natural gas usage trends in India during the current financial year.
The City Gas Distribution (CGD) sector in India is expected to drive a 10-15% increase in natural gas consumption in the Oil and Gas sector this financial year.
This projected increase in natural gas consumption in India's oil and gas sector is largely due to the growth of City Gas Distribution (CGD). The CGD industry has been receiving a significant boost recently, owing to government policies aimed at increasing the use of clean energy. As a result, urban areas are experiencing growth in the accessibility and affordability of natural gas, leading to its increased consumption. This industry expansion is expected to continue affecting natural gas usage trends in the country throughout the current financial year.