India's natural gas usage saw a notable drop during the April to June quarter, attributed to soaring global LNG prices and a decline in local production. Import volumes decreased significantly as the elevated spot prices rendered them inaccessible for numerous clients. Furthermore, domestic output faced challenges due to reduced activity in crucial fields, while the Iran conflict further strained supplies, forcing reliance on costly alternatives.

Natural gas output from the KG-D6 fields operated by Reliance and BP has seen a year-on-year decline of approximately seven percent, with the June quarter averaging 24.8 million…

Reliance-BP's KG-D6 gas output declines 7% in Q1 as natural decline continues, impacting production forecasts and pricing.