2 days ago
Indian Oil Corporation Targets 10.5 Million Tonnes Gas Sales
Indian Oil Corporation wants to sell more than 10.50 million tonnes of natural gas by 2030.
Its gas sales reached a record 7.09 million tonnes in the financial year ending March 2026.
The company plans to build more pipelines and gas distribution networks.
It also plans to expand LNG facilities and fuelling stations.
Indian Oil Corporation added 2,635 fuel stations during the year.
Its total retail network reached 42,818 outlets.
The company also expanded electric-vehicle charging, battery-swapping and CNG facilities.
Conflicts in West Asia disrupted important shipping routes for energy supplies.
The company said it kept supplies moving by using crude oil and LNG from different places.
Indian Oil Corporation is targeting natural gas sales of more than 10.50 million tonnes by 2030.
Its natural gas business recorded its highest-ever sales of 7.09 million tonnes in the financial year ending March 2026.
The company plans to expand pipelines, city gas networks, LNG facilities and LNG fuelling stations.
Indian Oil Corporation recorded record refinery throughput, pipeline throughput and domestic petroleum product sales in FY26.
The company said West Asia tensions and Strait of Hormuz disruptions created energy-security challenges for India.
- Who
- Indian Oil Corporation, led by Chairman A S Sahney.
- What
- The company set a target of more than 10.50 million tonnes in natural gas sales by 2030 and reported record FY26 operating results.
- Where
- India, including Indian Oil Corporation’s domestic gas, refinery, pipeline and retail operations.
- When
- The target was announced at the company’s annual general meeting, reported on August 31, 2026; the performance figures relate to the financial year ending March 2026.
- Why
- The target is supported by growth in natural gas demand and planned expansion across the gas value chain.
Key facts
- 2030 gas-sales target
- More than 10.50 million tonnes
- FY26 natural gas sales
- 7.09 million tonnes, the company’s highest-ever result
- FY25 natural gas sales
- 6.892 million tonnes
- FY26 crude throughput
- 75.45 million tonnes, a record
- FY26 domestic petroleum product sales
- 88.97 million tonnes, an all-time high
- Retail outlets
- 42,818 after 2,635 new outlets were commissioned
- Alternative-fuels network
- More than 15,000 EV-charging and battery-swapping locations, and more than 2,600 CNG stations
Quotes
A S Sahney
Chairman of Indian Oil Corporation
“Despite a significant shift away from Middle Eastern crude grades, our refineries operated above 100 per cent utilisation, LPG production was ramped up by nearly 30 per cent within a short period, and our gas business maintained supplies to priority sectors while securing additional LNG from diversified geographies.”
thehindubusinessline.com
“Looking ahead, we have set a target of increasing natural gas sales by 1.5 times by 2030, supported by expansion across the global gas value chain.”
thehindubusinessline.com
Sources
Related news
Indian Oil Targets 1.5x Gas Sales by 2030
House panel urges faster gas output as LNG imports double
India Taps 15 Countries for LNG, 41 for Crude Oil
India-Mauritius Five-Year Fuel Pact Promises Security, Price Protection
IOC, HPCL rush to secure crude cargoes through November
India sets LPG production targets; Reliance gets largest quota
Iran Seizes Fuel-Smuggling Vessel in Gulf, Arrests 11 Crew
Trump Floats Renaming Strait of Hormuz as “Trump Strait”
Chevron Plans $7 Billion Venezuela Expansion Amid U.S. Oil Push
Saudi Tanker Hit in Hormuz, Killing Two Filipino Sailors
U.S.-Iran Exchange Escalates Across Middle East, Markets Slide
