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Indian Oil Targets 1.5x Gas Sales by 2030
Indian Oil wants to sell much more natural gas by 2030.
It plans to make its gas sales 1.5 times larger than they are now.
The company sold a record 7.09 million tonnes of gas in FY26.
Its city gas business also began earning positive operating profits.
Indian Oil is considering buying and running ships with other companies.
These ships could help it move energy more reliably.
Recent fighting in West Asia disrupted important shipping routes and showed why India needs backup plans.
Indian Oil also plans to expand several refineries and increase its oil and gas production.
Indian Oil plans to increase natural gas sales 1.5 times by 2030.
Its gas business sold a record 7.09 million tonnes in FY26, while city gas distribution became Ebitda-positive.
The company is close to partnering with an Indian shipping company and other oil marketers to acquire and operate vessels.
Indian Oil expanded crude sourcing and refinery operations after West Asia disruptions exposed risks linked to the Strait of Hormuz.
Planned refinery expansions could lift group capacity from 80.75 MMTPA to around 98 MMTPA.
- Who
- Indian Oil Corporation, led by Chairman AS Sahney.
- What
- The company plans to increase natural gas sales by 1.5 times by 2030, expand refining capacity, and strengthen energy logistics.
- Where
- The expansion involves Indian Oil operations in India, including Panipat, Gujarat, Barauni and Jharkhand, as well as discoveries in Abu Dhabi.
- When
- The gas-sales target is for 2030; the company reported FY26 results and June-quarter operating figures.
- Why
- To broaden its energy portfolio and improve supply-chain resilience after disruptions linked to the Strait of Hormuz.
Key facts
- Gas-sales target
- Increase natural gas sales 1.5 times by 2030.
- FY26 gas sales
- 7.09 million tonnes, the company’s highest-ever level.
- Quarterly refinery processing
- 19.17 MMT of crude in the June quarter at 109.4% capacity utilisation.
- Pipeline throughput
- 28.55 MMT during the June quarter.
- Domestic market share
- 43.1% of India’s petroleum-product market.
- Refining-capacity plan
- Increase group capacity from 80.75 MMTPA to around 98 MMTPA.
- Upstream target
- Raise upstream integration above 10% by 2031.
Quotes
AS Sahney
Chairman of Indian Oil Corporation
“For Indian Oil, the priority during this unprecedented crisis has remained crystal clear—to maintain continuity of energy supplies despite constrained sourcing options and volatile international markets”
financialexpress.com
Sources
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