Page 50 - Catalysing Chemicals WIP (Version 2.0) FINAL ARTWORK.cdr

Photo Credit : Dai-Ichi Karkaria

Oil & Gas

The Landscape

The Oil & Gas sector ranks amongst expected that going forward,
India’s eight core sectors. With 212.7 India will be one of the largest
million tons of consumption in 2016, contributors to non-OECD
India stands as the third largest petroleum consumption growth
consumer of oil in the world, after globally.
United States and China. It is

India's Oil Consumption

25 4 th 5.8%
USD
4.24% 86.45 8.3% tons per annum largest in of global
million metric
trade
the world
Y-o-Y growth (global growth 1.5%) LNG Imports LNG Imports LNG Imports
in imports billion Y-o-Y growth in
(2016~17) consumption
(2016~17)
Value of Oil CAGR 16.89% by 2021
Imports (2016~17)
LNG demand growth forecast
India's Oil Production Capability

Current - By 2022 -
54 96 60% 22 million 47.5 million
54 trillion Estimated Shale of 28,000 metric tons metric tons
cubic feet Gas reserves MMT per annum per annum
Regasified Liquefied Natural Gas (RLNG) facility

46 Chemistry Everywhere
In Pursuit of Sustainable Development