India’s crude, gas consumption up but output fell in last 10 years

by mehekkaoberoi
  • India’s crude oil and natural gas production declined in the past decade even though consumption increased by 60 per cent and 22 per cent, respectively, shows BP Statistical Review.
  • The recently released report cited that growth in global energy markets slowed in 2019 in line with weaker economic growth.
  • Oil reserves in India dropped from 5,000 million barrels (mb) in 1999 to 4,700 mb in 2019.
  •  The annual oil production fell from 38 million tonne (mt) in 2009 to 37.5 mt in 2019, the report showed.
  • This is even after touching a high of 42.5 mt in 2013.
  • Oil consumption simultaneously rose by 60 per cent from 3.29 million barrels a day in 2009 to 5.27 million barrels per day in 2019.
  •  Among the products, the majority of the growth came from methane and LPG, where the consumption rose 118 per cent from 470,000 barrels a day in 2009 to 1.02 million barrels in 2019.
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