India's gas consumption down 6% in FY22-23
India’s natural gas consumption in the year to March 31, 2023 (FY22-23) was down 6% year/year, according to the latest oil ministry data.
The south Asian nation consumed 60.31bn m3 of natural gas in FY22-23 compared with 64.15bn m3 in the previous year. India consumed 5.12bn m3 of natural gas in March 2023, down 5.9% yr/yr, the data showed.
The production of natural gas in FY22-23 was 34.45bn m3, up 1.3% yr/yr. In March 2023, India produced 2.95bn m3 of gas, up 2.4% yr/yr. India meets almost half of its gas demand through LNG imports. In FY22-23, the country imported 26.65bn m3 of LNG, down 14.1% yr/yr.