Oil and Natural Gas Corporation (ONGC) is evolving into a 'gas-and-oil' company, with natural gas emerging as a key growth driver. According to the ONGC chairman, rising domestic demand for natural gas, supportive pricing reforms, and the development of new gas fields are contributing to increased production. This shift reflects ONGC's strategic response to India's growing energy needs and the government's emphasis on cleaner fuel sources. The company's focus on natural gas complements its traditional oil production, positioning it to better serve the country's energy transition goals. ONGC chairman says gas emerging as dominant growth driver; rising domestic demand, supportive pricing reforms and new field developments pushing production higher.
ONGC shifts focus to Natural Gas amid rising domestic demand
by Riddra Markets Desk · 21 June 2026
Updated 21 Jun 2026, 8:41 am

ONGC's increased natural gas output aligns with India's energy transition and growing domestic demand.