Indias energy demand is expected to double to 1,464 mtoe by 2035 from 55 mtoe in

2011! "oreo#er, t$e countrys s$are in global primary energy consumption %ould increase
t%ofold by 2035
Source& '( )nergy Information *dministration +)I*,- "inistry of .etroleum / 0atural 1as- *ranca 2esearc$
0otes& mtoe 3 "illion 4onnes of 5il )6ui#alent- mbpd 3 "illion 7arrels .er 8ay, 9 :9orecast
5il
demand&
3!1 mbpd-
1as
demand&
31!5 bcm
Source:7usiness "onitor International +7"I,- ;orld 5il 5utloo< 2012- "inistry of .etroleum / 0atural 1as- *ranca 2esearc$
0otes& mbpd 3 "illion 7arrels .er 8ay- bcm 3 7illion =ubic "eters
India is t$e %orlds fourt$:largest energy consumer 4$e country $as 5!4> billion barrels of pro#en oil
reser#es, %it$ oil production of 0!? mbpd +9@2013, India $as 43!? tcf of gas reser#es in 9@13 and
produced 40!> bcm of gas in 9@13
Source& '( )nergy Information *dministration, "inistry of .etroleum / 0atural 1as- *ranca 2esearc$ 0otes& bcm 3 7illion =ubic "eters- tcf 3 4rillion
=ubic 9eet- mbpd 3 "illion 7arrels .er 8ay- mmscmd 3 "illion "etric (tandard =ubic "eter .er 8ay, 501= 3 5il / 0atural 1as =orporation of
India- I5=A 3 Indian 5il =orporation Atd
5il consumption is
estimated to expand at a
=*12 of 3!4 per cent
during 9@200?3169 to 4!0
mbpd by 2016 5%ing to t$is
strong expected gro%t$ in
demand, Indias
dependency on oil imports
is expected to increase
furt$er
4
!
0

5
!
0

3
!
0

2
!
0

1
!
0

0
!
0

3
!
3
!
2

3
!

4
!
1

4
!
3

3
!
5

3
!
>

3
!

4
!
0

5il consumption in India and current reser#es 5,?00
5,>00 5,600 5,500 5,400 5,300 5,200 5,100 5,000 4,00 4,?00 9@0?
9@0 9@10 9@11 9@12B 9@139 9@149 9@159 9@169
5il =onsumption +mbpd, : AC(
.ro#en 5il 2eser#es +mn bbl, : 2C(
Source& "inistry of 5il / 0atural 1as- 7"I forecasts- *ranca 2esearc$
0otes& 9 3 9orecast- =*12 3 =ompound *nnual 1ro%t$ 2ate- mbpd 3
"illion 7arrels .er 8ay- mn bbl 3 "illion 7arrels- B :.ro#isional
In 9@13, imports accounted for
approximately ?0 per cent of
t$e countrys total oil demand
5!0
7ac<ed by ne% oil fields,
domestic oil output is
anticipated
4
!
5

to gro% to 1!0 mbpd by
9@16
4
!
0

3
!
5

3
!
0

2
!
5

2
!
0

1
!
5

1
!
0

0
!
5

0
!
0

0
!
>

2
!
5

0
!
>

2
!
>

0
!
>

3
!
2

0
!
?

3
!
3

0
!
?

3
!
4

0
!
?

3
!
>

1
!
0

2
!
>

1
!
0

2
!

1
!
0

3
!
0

Imports and domestic oil production in India
9@0? 9@0 9@10 9@11 9@12B 9@13B 9@149 9@159 9@169 5il
.roduction +mbpd, 5il Imports +mbpd,
Source& "inistry of 5il / 0atural 1as- 7"I forecasts- *ranca 2esearc$
0otes& 9 3 9orecast- mbpd 3 "illion 7arrels .er 8ay- B :.ro#isional
;it$ India de#eloping gas:fired po%er stations, consumption
is up more t$an 160 per cent since 15
8emand is not li<ely to simmer do%n any time soon, gi#en
strong economic gro%t$ and rising urbanisation- during
9@200?31>9, gas consumption is li<ely to expand at a
=*12 of 21!0 per cent
.ro#en reser#es and total gas consumption in t$e
country +bcm,
1,400
1,200
1,000
?00
600
400
200 0
3
1
1
3
1
,
0
5
3
0
9@0? 9@0 9@10 9@11 9@12B 9@13B 9@149 9@159 9@169 9@1>9
1as =onsumption .ro#en 1as 2eser#es
Source& ..*=, "inistry of 5il / 0atural 1as- *ranca 2esearc$
0otes& 9 3 9orecast- bcm 3 7illion =ubic "eters- =*12 3
=ompound *nnual 1ro%t$ 2ate, B :.ro#isional
8omestic production accounts for more t$an t$ree:6uarters
of total gas consumption in t$e country
Imports constitute t$e rest- in 2012, t$e s$are of imports %as
22!0 per cent
India increasingly relies on imported A01- t$e country %as
t$e sixt$:largest A01 importer in 2011 and accounted for
5!3 per cent of global imports
Indias A01 imports are forecast to increase at a =*12 of
33 per cent during 201231>
8omestic gas production and imports +bcm,
Source& "inistry of 5il / 0atural 1as- *ranca 2esearc$
0otes& 9 3 9orecast- bcm 3 7illion =ubic "eters- B
:.ro#isional
4otal crude oil production %as
3>! mmt during 9@13
5
0
1
=

acc
oun
ted
5

!
5

p
e
r

c
e
n
t
t
o
t
a
l
c
r
u
d
e
o
il
4
0

production in India
3
5

3
0

2
5

2
0

1
5

1
0

5

0

2
4
!
4

3
!
2

4
!
6

2
6
!
1
3
!
1
4
!
?
2
5
!

3
!
1
5
!
1
2
5
!
4
3
!
5
4
!
>
2
4
!

3
!
6
5
!
3
2
4
!
4
3
!
6

!
>
2
3
!
>
3
!
?
1
0
!
5
2
2
!
6
3
!
>
1
1
!
6
501=
5IA
.ri#ateDEF
=rude oil production +mmt,
9@06 9@0> 9@0? 9@0 9@10 9@11 9@12 9@13
Source& "inistry of .etroleum / 0atural 1as- *ranca 2esearc$
0otes& mmt 3 "illion "etric 4onne- EF 3 Eoint Fenture
501=
5IA
.ri#ateDEF
4otal gas production %as 40!> bcm during 9@13 *nnual gas production +bcm,
4$e contribution from .ri#ateDEF $as decreased o#er t$e last
couple of years!
9@0? 9@0 9@10 9@11 9@12 9@13
Source& "inistry of .etroleum / 0atural 1as- *ranca 2esearc$
0otes& bcm :7illion =ubic "eters- EF 3 Eoint Fenture
8uring 9@12, 1,631,000 meters of %ells %ere explored and de#eloped in India 8uring t$e same period,
>56 %ells %ere drilled in t$e country "ost upstream drilling and exploration %or< is underta<en by state:
o%ned oil companies 501= is t$e leader in t$e upstream segment and accounts for 62 per cent of total
crude oil output in India
)xploration acti#ities +9@12B, +G000 meters, 8e#elopment drilling acti#ities +9@12B, +G000 meters,
;ells "etreage 5ns$ore
5ffs$ore ;ells "etreage 5ns$ore
5ffs$ore
Source& "inistry of .etroleum / 0atural 1as- *ranca 2esearc$
0ote& B :.ro#isional
5IA
5IA
India $as a net%or< of ,53> <m of crude pipeline $a#ing a capacity of 13?!3 mmtpa
In terms of lengt$, I5=A accounts for 45! per cent +4,3>6 <m, of Indias crude pipeline net%or<- moreo#er, t$e company
$as t$e countrys longest pipelines, namely t$e (alaya:"at$ura:.anipat .ipeline +1,?>0 <m, and t$e Caldia:7arauni D
.aradip:7arauni .ipeline +1302 <m,
In terms of capacity, 501= leads t$e pac< %it$ a s$are of 4>!4 per cent +65!5 mmtpa,, follo%ed by I5=A at 2!2 per cent
+40!4 mmtpa,
($ares in crude pipeline net%or< by lengt$ ($ares in crude pipeline net%or< by capacity +out of ,53> <m, +out
of 13?!3 mmtpa,
501=
501=
I5=A
I5=A
Source& "inistry of .etroleum / 0atural 1as- *ranca 2esearc$
0otes& <m 3 Hilometre- mmtpa 3 "illion "etric 4onnes .er *nnum
I5=
5f t$e 11,2>4 <m of refined products pipeline net%or< +capacity of >0!> mmtpa, in India, Indian 5il =orporation +I5=,
accounts for 54 per cent +6,12> <m,
1as *ut$ority of India Aimited +1*IA, $as largest s$are +?? per cent or 2,03? <m, of t$e countrys A.1 pipeline net%or<
+2,312 <m,
($ares in product pipeline net%or< under ($ares in A.1 pipeline net%or< by lengt$ operation by
lengt$ +out of 11,2>4 <m,B +out of 2,312 <m,B
C.=A
7.=A
1*IA
5IA
.==H
."C7
Source& "inistry of .etroleum / 0atural 1as- *ranca 2esearc$ 0otes& <m 3 Hilometre- mmtpa 3 "illion "etric 4onnes .er *nnum, A.1 :Ai6uefied
.etroleum 1as, I5= :Indian 5il =orporation, C.=A :Cindustan .etroleum =orporation Atd, 7.=A :7$arat .etroleum =orporation Atd, 5IA :5il India
Aimited, ."C7 :"angalore Casan 7angalore, .==H :=oc$in:=oimbatore:Harur B :*s on 30
t$
(eptember 2012
(tate:controlled entities dominate t$e do%nstream segment 2efinery crude t$roug$put +mmt, as %ell
India $as 1 refineries in t$e public sector and 3 in t$e
pri#ate sector
In 9@13, public sector refineries accounted for 6!4 per
cent of total refinery crude t$roug$put
9@0? 9@0 9@10 9@11 9@12 9@13
.ublic
(ector
.ri#ate
(ector
Source& "inistry of .etroleum / 0atural 1as-
*ranca 2esearc$ 0ote& mmt 3 "illion "etric
4onne
200
I5=
4otal crude t$roug$put rose from 130!1 mmt in 9@06 to 1?1!> mmt in
9@13B In 9@13, t$e sectors total installed refinery capacity %as 215!06
mmt In 9@13, I5= emerged as t$e largest domestic refiner %it$ a capacity
of 54!2 mmt
($ares in IndiaIs total refining capacity 4otal installed capacity +mmt,
+9@13,
250
C.=
A
150
7.=A
100
=.=
A
5
0
02A
"2.
A
0
9@12 9@13
2.
A
.ublic
(ector
.ri#ateDEF
(ector
)5A
Source& "inistry of .etroleum / 0atural 1as- ..*=- *ranca 2esearc$ 0otes& mmt 3 "illion "etric 4onne- B
:.ro#isional, C.=A :Cindustan .etroleum =orporation Atd, 7.=A :7$arat .etroleum =orporation Atd, 5IA :5il
India Aimited, 501= :5il and 0atural 1as =orporation, I5=A :Indian 5il =orporation Atd, =.=A :=$ennai
.etroleum =orporation Aimited, 02A :0umaligar$ 2efinery Aimited, "2.A :"angalore 2efinery and
.etroc$emicals Aimited, 2.A :2enegade .etroleum Atd, )5A :)ssar 5il Atd
2!2
Aig$t
8istillates
"iddle 8istillates
Cea#y )nds
8uring 9@13, 21>!? mmt of petroleum products %ere produced
.etroleum products deri#ed from crude oil include lig$t distillates suc$ as A.1, nap$t$a- middle distillates suc$
as <erosene- and $ea#y ends suc$ as furnace and lube oils, bitumen, petroleum co<e, paraffin %ax 4$e
production of petroleum products is expected to reac$ 11!> mmt during t$e 12
t$
.lan period +201231>,
.etroleum products from crude oil +mmt, .etroleum products from natural gas +mmt,
2!2
2!2
2!2
2!2
2!1
2!1
9@06 9@0> 9@0? 9@0 9@10 9@11 9@12B
Source& "inistry of .etroleum / 0atural 1as-
*ranca 2esearc$ 0otes& mmt 3 "illion "etric
4onne- B :.ro#isional
9@06 9@0> 9@0? 9@0 9@10 9@11 9@12B A.1
In 9@13, total sales of petroleum products by
companies %as 146!> mmt, up 4!2 per cent from t$e
pre#ious fiscal year
4$e total number of retail outlets +including pri#ate
companies, increased to 4,0>> in *pril 2013 from
45,104 in *pril 2012
I5= o%ns t$e maximum number of retail outlets in t$e
country +4?!? per cent of total,, follo%ed by C.=A +26!>
per cent, and 7.=A +24!5 per cent,- t$e remaining
outlets are o%ned by pri#ate firms
*s of *pril 1, 2013, t$ere %ere 12,610 A.1 distributors
in India
8o%nstream distribution statistics +G000 tonnes,
200,0
00
150,0
00
100,0
00
50,00
0 0
=oal
In 2011, coal accounted for 41 per cent of total primary )nergy consumption pattern in 2011 energy demand
)nergy demand in t$e *sia:.acific region is expected to
reac$ 5,62> "toe by 2020 and 6,?61 "toe by 2035
.etroleum
Indias energy demand is expected to double by 2035 to
4?!> 6uadrillion 74' (olid biomass / %aste 0atural gas
0uclear /
ot$er
rene%ables
Source& '( )nergy Information *dministration
+)I*,- *sia:.acific )conomic =ooperation
+*.)=,- *ranca 2esearc$ 0otes& mtoe 3
"illion 4onne of 5il )6ui#alent 74' 3 7ritis$
4$ermal 'nit
=oal 4$e go#ernment aims to 6uadruple Indias nuclear po%er generation capacity to 20 1; by 2020-
currently, se#en
5#er t$e next fe% years, t$e dependence on gas, $ydro =onsumption pattern expected in 2035 po%er and
nuclear po%er is expected to increase relati#e to oil and coal
.etroleum
nuclear po%er reactors of 4,30 ";e capacity are under construction (olid biomass / %aste
0atural gas
0uclear /
ot$er
rene%ables
Source& International )nergy *gency +I)*,- 12
t$
9i#e:@ear .lan- *ranca 2esearc$
Source
& 7loomberg- *ranca 2esearc$
0otes& 9@
3

Indian 9inancial @ear, *pril
3
"arc$
Source& 7loomberg- *ranca
2esearc$
1o#ernment appro#ed t$e =7" policy in 1> to boost t$e de#elopment of
clean and rene%able energy resources
=7" is an eco:friendly natural gas +met$ane,, %$ic$ is absorbed in coal and
lignite seams
=7" policy %as designed to be liberal and in#estor friendly- t$e first
commercial production of =7" %as initiated in Euly 200> at about >2,000 cubic
metres per day
4$e tec$nology %as first %idely used in t$e '( in t$e 1?00s, and in India
+Hol<ata and "umbai, in t$e early 100s
'=1 is currently t$e only feasible tec$nology a#ailable to $arness energy from
deep un mineable coal seams economically in an eco:friendly manner
2educes capital outlay, operating costs and output gas expenses by 25350 per
cent, #is:J:#is surface gasification
4$e go#ernment initiated t$e 0ational 1as Cydrate .rogramme +01C.,, a
consortium of national )/. companies and researc$ institutions, to map gas $ydrates
for use as an alternate source of energy
7io:fuels +bio:et$anol and bio:diesel, are alternate sources of energy from
domestic rene%able resources- t$ese $a#e lo%er emissions compared to petroleum
or diesel
Source& "inistry of .etroleum / 0atural 1as-
*ranca 2esearc$ 0otes& B :.ro#isional- K :*pril
20003(eptember 2013
India is t$e %orlds fourt$:largest energy consumer
5il consumption is expected to rise 42!5 per cent during 2010320
4$e country accounted for 10!3 per cent of total demand for gas in *sia:.acific
in 2011
(e#eral industries are increasing t$e usage of natural gas in operations- t$is
$as boosted natural gas demand in India
(ome of t$e main industries t$at use natural gas 3 pulp and paper, metals,
c$emicals, glass, plastic and food processing
4$e nation $as large coal, crude oil and natural gas reser#es
5il reser#es amounted to 5!4> billion barrels in 9@13
0atural gas pro#ed reser#es stood at 1!24 tcm in 9@13
.olicies to promote in#estments in t$e industry suc$ as 0e% )xploration
Aicensing .olicy +0)A., and =oal 7ed "et$ane +=7",
Source& "inistry of .etroleum / 0atural 1as- '( )nergy
Information *dministration, 7. (tatistical 2e#ie% of ;orld
)nergy, Eune 2012- 7"I- *ranca 2esearc$, 0otes& tcm :4rillion
=ubic "eters, )/. :)xploration and .roduction
In#estments %ort$ '(8>5 billion is expected across t$e oil / gas #alue c$ain
under t$e 12
t$
.lan +201231>,
(ince *pril 2000:(eptember 2013, 98I %ort$ '(85!4 billion $as been in#ested
in Indias petroleum and natural gas sector
4$e nation offers abundant s<illed labour at muc$ competiti#e %ages
compared to ot$er countries
4$e 'ni#ersity of .etroleum and )nergy (tudies in 8e$radun, 'ttara<$and, is
*sias first and only energy uni#ersity
(e#eral domestic companies +suc$ as 501=, 2eliance and 1uLarat (tate
.etroleum, $a#e reportedly found natural gas in deep %aters
4$is offers significant expansion opportunity for t$e next decade
Source& "inistry of .etroleum / 0atural 1as- 7"I- *ranca
2esearc$
5utlines goals for dealing %it$ c$allenges faced by Indias energy sector
Source& "inistry of .etroleum / 0atural 1as-
*ranca 2esearc$ 0ote& 0)A. :0e% )xploration
Aicensing .olicy
4$e )/. segments 98I limit is 100 per cent, and t$e refining segments limit is 4
per cent
Source& "inistry of .etroleum / 0atural 1as- *ranca
2esearc$
*n act to regulate oilfields and de#elop mineral oil resources
Source& "inistry of .etroleum / 0atural 1as- *ranca
2esearc$
12!5 2
4
!
6
3
1
!
4
2
5
!
?
2
1
!
4
3
5
!
1
2
2
!
4
1
6
!
?

=umulati#e 98I inflo%s during *pril 2000 3 (eptember 2013 in Indias petroleum and natural gas sector stood at
'(85!41 billion +2!6 per cent of total 98Is,
*cross sectors, cumulati#e 98I inflo%s during *pril 2000 :(eptember 2013 %as '(8204!? billion, %it$ t$e
ser#ices sector accounting for t$e largest s$are +1?!? per cent,, follo%ed by construction de#elopment +11!12 per
cent, and telecommunication +6!3 per cent,
98I inflo%s into petroleum and natural gas 98I inflo%s into India +'(8 billion, +'(8 million,
40
2,030!0
3
0
2
0
1
0
0
1,42>!0
266!0
9@0> 9@0? 9@0 9@10 9@11 9@12 9@13 9@14BB
?!0
14!0
9@06 9@0> 9@0? 9@0 9@10 9@11 9@12B
Source& 8epartment of Industrial .olicy / .romotion- *ranca 2esearc$
0otes& B :.ro#isional BB :8ata for t$e period *pril:(eptember 2013
Source& 4$omson 7an<er- *ranca 2esearc$
15!
501= re#enue gro%t$ +'(8 billion,
15!3 15!3 15!2
14!2
13!1 13!0

501= recorded
reported net net profit of 8omestic
profit of '(83!6 crude '(83! billion
in production billion in 2013
Cig$est
up 2!1 per 2011
reser#e
cent
accretion
Cig$est:
in t$e last
501=
e#er
t%o
registered
di#idend
decades
$ig$est
:
payout of
3
?3!5
e#er oil
'(81!6
million
production
billion
toe
9@0> 9@0? 9@0 9@10 9@11 9@12 9@13
Source& =ompany 2eports- 7"I, *ranca 2esearc$
0ote& 45) :4onne of 5il )6ui#alent
2eliance Industries is a leading company in t$e petroc$emical, refining and oil / gas industry 4$e company %as
ran<ed
t$
in t$e 9ortune 1lobal 500 list 2012 It contributes 14 per cent to IndiaIs exports +"ar 2011, and
4!6 per cent of total mar<et capitalisation in t$e country
2eliance Industries $as entered into EFs %it$ #arious companies across segments to align gro%t$ opportunities- it
signed EFs %it$ *tlas, .ioneer, =arriMo (I7'2, and 8!)! ($a% as %ell as entered into a strategic alliance %it$ 7.
recently!
Source& =ompany 2eports- *ranca
2esearc$
Source& )/@- *ranca
2esearc$ 0ote& tcf 3
4rillion =ubic 9eet
B/D (or bpd): Barrels Per Day
a MBPD (or mbpd): "illion 7arrels .er 8ay
b BCM (or bcm): 7illion =ubic "etres CBM& =oal 7ed "et$ane
CGD& =ity 1as 8istribution
E&P& )xploration and .roduction
FDI& 9oreign 8irect In#estment
FY& Indian financial year +*pril to "arc$,
(o 9@12 implies *pril 2011 to "arc$ 2012 GoI& 1o#ernment of India
INR& Indian 2upee
LNG& Ai6uefied 0atural 1as
a MM (or mm!)& "illion "etric 4onne
b MMP" (or mm!pa)& "illion "etric 4onnes .er *nnum
EBID": )arning 7efore Interest 4axes 8epreciation *mortisation
NRL& 0umaligar$ 2efinery Aimited
CPCL& =$ennai .etroleum =orporation Aimited
#PCL& Cindustan .etroleum =orporation Aimited
BPCL& 7$arat .etroleum =orporation Aimited
I$C& Indian 5il =orporation Atd E$L& )ssar 5il Atd RPL& 2eliance .etroleum Aimited
MRPL& "angalore 2efinery and .etroc$emicals Aimited PCC%& .etronet =oc$in:=oimbatore:Harur
PM#B& .etronet "angalore:Cassan:7angalore
NELP& 0e% )xploration Aicensing .olicy
$E (or !oe)& 4onnes of 5il )6ui#alent &'D& '( 8ollar
$NGC& 5il and 0atural 1as =orporation of India
I$CL& Indian 5il =orporation Aimited m( bbl& "illion 7arrels
C"GR& =ompound *nnual 1ro%t$ 2ate )*& Eoint Fenture
&CG& 'nderground =oal 1asification
NGL& 0atural 1as Ai6uids
$MCs& 5il "ar<eting =ompanies
N#GP& 0ational 1as Cydrate .rogramme
;$ere#er applicable, numbers $a#e been rounded off to t$e nearest %$ole number

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