India Oil and Gas Tenders

India's oil and gas market is the third-largest in the world, with a total consumption of 252.5 million metric tonnes (MMT) of oil and gas in 2022. The market is expected to grow at a CAGR of 5.2% from 2023 to 2028, driven by increasing demand from the power, transportation, and industrial sectors.

The Indian government is one of the largest oil and gas procurers in the world, spending over US$40 billion annually on oil and gas products and services. The government procures oil and gas through a variety of channels, including tenders, auctions, and direct contracts.

The main oil and gas products and services procured by the Indian government include crude oil, natural gas, liquefied natural gas (LNG), refined petroleum products, and oil and gas exploration and production services.

The top authorities responsible for India's oil and gas procurement include the Ministry of Petroleum and Natural Gas (MoPNG), the Oil and Natural Gas Corporation (ONGC), and Indian Oil Corporation (IOC).

The top winners of India's oil and gas procurement contracts include ONGC, IOC, Reliance Industries Limited (RIL), and Cairn India.

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