India’s CBM production grew by over 44% in the country’s last financial year – up to March 31, 2017 – marking a boost for the government’s efforts to reduce India’s dependence on energy imports. Data published by the Petroleum Planning and Analysis Cell, a unit of India’s Ministry of Petroleum and Natural Gas, showed that domestic CBM production rose to around 565 mcm in the 2016-17 financial year.
This compares with 393 mcm in 2015-16, and contributed 1.78% of India’s total natural gas production of over 31 bcm, the Economic Times reported on April 25. The 2016-17 growth in CBM output was, however, lower than official projections. India’s Directorate General of Hydrocarbons (DGH) told a parliamentary panel last year that India’s CBM production was predicted to quadruple to 1.449 bcm at the end of the 2016-17 financial year.