Coal news and updates

India logs largest decline in natural gas output

India, the fourth largest energy consumer globally, recorded the largest volumetric decline in natural gas production and consumption last year, BP Statistical Review of World Energy 2014 said on Monday.

Natural gas production in the country fell a massive 16.3 per cent to 33.7 billion cubic meters from 40.3 bcm in the previous year. India, which is world’s 11th largest consumer of gas, saw consumption fall by 12.2 per cent to 51.4 bcm in 2013 from 58.8 bcm in the previous year. On both counts, India “recorded the largest volumetric decline in the world,” it said.

However, it recorded the second largest volumetric increase in coal consumption on record and accounted for 21 per cent of global growth.

While coal production was up 0.1 per cent at 228.8 million tons of oil equivalent, consumption soared 7.6 per cent to 324.3 million tonnes.

The review said India’s oil production was almost unchanged at 894,000 barrels per day (42 million tonnes) while consumption was up 1.2 per cent at 3.72 million bpd (175.2 million tonnes).

Source: The Indian Express