Now Reading: India’s Gas Demand Rises 6.8% in June to 197 mmscmd
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India’s Gas Demand Rises 6.8% in June to 197 mmscmd
India’s natural gas demand rose 6.8 per cent month on month to 197 million standard cubic metres per day in June 2026, JM Financial said, taking consumption above the February level recorded…
The Story in Brief
India’s natural gas demand rose 6.8 per cent month on month to 197 million standard cubic metres per day in June 2026, JM Financial said, taking consumption above the February level recorded before the Iran crisis. Demand was 1.5 per cent higher than a year earlier. LNG consumption led the recovery, climbing 13 per cent to about 110 mmscmd.
The brokerage said alternative LNG supplies largely offset the loss of about 40 mmscmd after Qatar’s 82 million metric tonnes per annum plant shut in March. Domestic gas output fell 0.3 per cent from May and 7.7 per cent year on year to 87.1 mmscmd. Q1FY27 demand averaged 184 mmscmd, down 2.6 per cent from a year earlier.
The Indian Opinion
Claims that India has fully escaped the supply shock are too sweeping, just as fears of an enduring shortage now look premature. June demand depended heavily on imported LNG, while domestic output continued to decline annually. The quarter’s 2.6 per cent year-on-year fall also argues against declaring a durable recovery. The useful test is whether monthly demand stays above 197 mmscmd while domestic production and import costs remain manageable.
Source: energy.economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
