ONGC's net worth FY 2012-2023
Natural gas in India
In 2019, the production of offshore natural gas by public sector units in India amounted to around 52 million metric standard cubic meters per day. The onshore production, however, remained comparatively low. With robust economic growth, foreign direct investments in the Indian oil and petroleum sector were estimated to increase exponentially.
Energy sector in India
India has had a pronounced growth in energy sector investments in recent years. Coal energy, one of the primary sources of electricity within the nation, could presumably face rising challenges from water shortages and the growth of low-cost renewables. Government policies have been adapted to suit and encourage eco-friendly energy principles. In addition, decreased on and offshore prices of renewable resources are likely to weaken the fossil fuel industry even further.