Industry Solution

Oil & Gas

The oil and gas sector is among the eight core industries in India and plays a major role in influencing decision making for all the other important sections of the economy. India’s current refining capacity stands at 249 MMTPA, comprising of 23 refineries—18 under public sector, 3 under private sector and 2 in a joint venture. At present about 16,788 km natural gas pipeline is operational and about 12,672 km gas pipelines are under development.

India’s economic growth is closely related to energy demand therefore the need for oil and gas is projected to grow more, thereby making the sector quite conducive for investment.

Energy demand of India is anticipated to grow faster than energy demand of all major economies, on the back of continuous robust economic growth. India’s energy demand is expected to double to 1,516 Mtoe by 2035 from 753.7 Mtoe in 2017. Moreover, the country’s share in global primary energy consumption is projected to increase by 2-folds by 2035.

Crude oil consumption is expected to grow at a CAGR of 3.60 per cent to 500 million tonnes by 2040 from 221.76 million tonnes in 2017. Natural Gas consumption is forecasted to increase at a CAGR of 4.31 per cent to 143.08 million tonnes by 2040 from 54.20 million tonnes in 2017. Diesel demand in India is expected to double to 163 million tonnes (MT) by 2029-30.

Market Search has worked with most of the leading companies in the Oil and Gas sector in India and has conducted studies in LPG, PNG, CNG, Retail Petrol and Diesel distribution and B2B Customer Satisfaction studies. Some of the leading companies we have worked with in this sector are Hindustan Petroleum, Indian Oil Corporation, Indian School of Petroleum, Petroleum Conservation Research Agency, Mahanagar Gas Limited, Indraprastha Gas Limited etc.