Table of Content
Executive Summary.….…….3
Advantage India…..….……...4
Market Overview and Trends..……..6
Notable Trends and Strategies..…..……...23
Growth Drivers…...……....…27
Opportunities...……..34
Useful Information.......…..…37
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EXECUTIVE SUMMARY
Second largest refiner
in Asia
As of September 1, 2018, the oil refining capacity of India stood at 247.6 million tonnes, making it the second
largest refiner in Asia. Private companies own about 35.62 per cent of the total refining capacity.
Source: US Energy Information Administration (EIA), Ministry of Petroleum and Natural Gas, BP Statistical Review 2018
India’s energy demand is expected to double to 1,516 Mtoe by 2035 from 753.7 Mtoe in 2017. Moreover, the
country’s share in global primary energy consumption is projected to increase by 2-folds by 2035
India’s consumption of petroleum products grew 5.31 per cent to 204.992 MMT in 2017-18 from 194.597
MMT in FY17. Petroleum products’ consumption during Apr-Sep 2018 stood at 104.38 MMT.
India retained its spot as the third largest consumer of oil in the world in 2017.
LNG imports into the country accounted for about one-fourth of total gas demand, which is estimated to
further increase by two times, over next five years. To meet this rising demand the country plans to increase
its LNG import capacity to 50 million tonnes in the coming years.
India increasingly relies on imported LNG; the country is the fourth largest LNG importer and accounted for
5.68 per cent of global imports.
India imported 18.05 MMT of LNG during 2017-18, in comparison to 18.63 MMT in 2016-17. Imports during
Apr-Aug 2018 stood at 7.13 MMT.
Notes: MMT - Million Metric Tonnes, Mtoe – Million Tonnes of Oil Equivalent; mbpd – Million Barrels Per Day; Figures mentioned in this slide is as per latest data available
World’s third-largest
energy consumer
Third-largest consumer
of oil
Fourth-largest LNG
importer in 2017
Oil and Gas
ADVANTAGE INDIA。。。