Oil and Gas

Industry Summary

India is the 3rd largest energy and Oil consumer (5% of global consumption) in the world after China and USA.
India has emerged as a major refinery hub and is currently the second largest refiner in Asia with 23 refineries.
Almost 82% of Crude oil and 46% of LNG is Imported in India.
India's projected Oil demand is expected to grow at a CAGR of 4.2% during 2017-2040.
Energy demand projected to double to 1,123 million tonnes (in oil equivalents) by 2040.
Present share of natural gas in the energy mix of the country is 6%. the aim is to increase it to 15% by 2030.
Indian refinery capacity is expected to reach 439 MT by 2030 though several brownfield and greenfield investments.
Major threat to the industry includes the increasing adopting of electric vehicles which would impact demand in the transportation sector

Step 1

Exploration and Production

Step 2

Transportation

Step 3

Refineries and marketing

INR 7.5 trillion (USD 102.49 billion) government contribution declared towards oil and gas sector over the next 5 years
100% FDI is allowed in the oil and gas exploration activities.
INR 12,480 cr. contribution in Union Budget and other govt. initiatives
Increasing demand for energy in India
Rapid technological advancements