Natural Gas Production

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Source: CMIE Economic Outlook, 1 Finance Research

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What does the Natural Gas Production data represent?

Natural Gas Production data represents the total volume of natural gas produced within the country.
This data typically encompasses the extraction of natural gas from various sources, including conventional onshore and offshore fields, shale formations, and other unconventional sources.

The production of natural gas is a vital indicator of the energy sector's performance, particularly in the context of India's growing energy needs in industries that rely heavily on natural gas as a source of energy.
The manufacturing sector typically has higher energy intensity than the rest of the economy, and hence, the manufacturing growth affects the total primary energy consumption.
It offers insights into the energy security of India, its capability to meet the energy demands and its reliance on imports for meeting energy needs.
Being one of the most environmentally friendly options among fossil energy alternatives, natural gas plays a crucial role as an interim energy source in addressing environmental concerns.
This data’s significance lies in guiding policy-making in terms of energy infrastructure, investments, and sustainability goals, especially in the context of transitioning to cleaner energy sources, with commitments to reducing carbon emissions.

An increase in natural gas production is often associated with robust industrial activity, as it indicates greater availability of a key energy resource for industries such as power generation, manufacturing and petrochemicals.
Examining natural gas production in conjunction with consumption patterns across various sectors can reveal the dependency of certain industries on this resource and potential vulnerabilities or opportunities.