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Domestic Gas Output To Reach 160 MMSCMD in The Next 6 Years

ONGC, OIL likely to fuel 80% growth; RIL may also chip in.

India is expected to see a turnaround in its declining gas output over the next six years with production expected to jump by almost 80 per cent from around 92 metric million standard cubic metre per day (mmscmd) to 160 mmscmd.

Source: Financial Chronicle

SNP Insights

Increased gas output would be a positive development for 24,000 MW of gas-based power plants. It would also be positive for other gas consuming sectors, like fertiliser segment. This will also intensify the competition level in the domestic scenario. But the concern lies in the ability to achieve this planned growth.