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Top 10 gas companies in India

Top 10 gas companies in India
Top 10 gas companies in India providing energy solutions

SUMMARY

India runs on gas—from the LPG cylinder in your kitchen to the CNG autorickshaw on the street to the fertilizer plant that feeds the country’s farms.

Most people don’t think about where that gas comes from or how it reaches them, but behind every flame and every fuel nozzle is a vast network of companies that drill, transport, import, and distribute energy across one of the world’s most complex economies.

India is the third-largest energy consumer on the planet, and natural gas is at the heart of its energy future.

Currently, natural gas makes up only about 6% of India’s total energy mix—far below the global average of 24%. The government wants to change that, targeting 15% by 2030 and attracting over USD 100 billion in sector investments by decade-end.

That ambition is being carried forward by a group of public-sector giants, a powerful private conglomerate, and a fast-growing wave of city gas distributors.

Here are the top 10 gas companies in India you should know about.

Top 10 gas companies in India: Quick Comparison

RankCompanyTypeFoundedKey Role
1ONGCPSU1956Gas Exploration & Production
2GAIL IndiaPSU1984Gas Transmission & Marketing
3Indian Oil (IOC)PSU1959LPG Distribution & Refining
4Bharat Petroleum (BPCL)PSU1976LPG, Fuel, Gas Marketing
5Hindustan Petroleum (HPCL)PSU1974LPG, Refining, LNG
6Reliance IndustriesPrivate1973Offshore Gas Production
7Petronet LNGPSU JV1998LNG Import & Regasification
8Adani Total GasPrivate2004City Gas Distribution
9Indraprastha Gas (IGL)PSU JV1998CNG & PNG in Delhi-NCR
10Gujarat GasState-owned1980City Gas Distribution

ONGC—The Nation’s Gas Producer

  • Founded: 1956
  • Owner: Government of India
  • Headquarters: New Delhi

The Indian Government set up the Oil and Natural Gas Corporation (ONGC) right after independence with the purpose of reducing the country’s dependence on foreign oil. ONGC is India’s largest oil and gas-producing company.

ONGC is responsible for 84% of India’s domestic natural gas production in the country and operates in 26 sedimentary basins with more than 11,000 km of pipelines. The company also has an international wing called ONGC Videsh that functions in 15 countries.

Services: Exploration, drilling, production, pipeline transportation, LPG, and green hydrogen.

GAIL India—The Gas Highway

  • Founded: 1984
  • Owner: Government of India (~52% stake)
  • HQ: New Delhi

GAIL (Gas Authority of India Ltd.) was founded in 1984 to construct India’s first cross-country gas pipeline, namely, the 1,750 km Hazira–Vijaipur–Jagdishpur pipeline. As of March 2025, GAIL’s pipeline network in India is estimated at 16,420 km or 60% of the total pipeline network of the country, while it was granted Maharatna status in 2025.

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GAIL is not only involved with the transportation of natural gas but also markets it and is engaged in the production of petrochemicals and the distribution of LPG. Additionally, it develops green hydrogen and biogas projects.

Services: Gas transmission, gas marketing, LPG distribution, petrochemicals, LNG import, city gas distribution (via IGL and MGL JVs), green hydrogen.

Indian Oil Corporation (IOC)—The LPG Giant

  • Founded: 1959
  • Owner: Government of India
  • HQ: New Delhi

Indian Oil Corporation (IOC) is the country’s largest downstream company and a Fortune Global 500 company. It has the largest refining capacity in India (70.05 MMTPA) and the largest network of fuel retailers with over 40,000 stores. Most Indians are familiar with the name Indane LPG.

Services: LPG (Indane), petroleum refining, fuel retail, pipeline transportation, LNG distribution, petrochemicals, and lubes (SERVO).

Bharat Petroleum (BPCL)—Bharat Gas and Beyond

  • Founded: 1976
  • Owner: Government of India (~53% stake)
  • HQ: Mumbai

BPCL is one of India’s three largest oil marketing companies, with more than 23,600 fuel outlets and millions of LPG customers through its brand Bharat Gas. It has a 12.5% stake in Petronet LNG and plans to expand its city gas operations into many states.

Services: LPG (Bharat Gas), petroleum refining, fuel retail, natural gas marketing, city gas distribution, and green hydrogen.

Hindustan Petroleum (HPCL)—HP Gas Nationwide

  • Founded: 1974
  • Owner: ONGC (51.11%)
  • Headquarters: Mumbai

HPCL is a part of ONGC. It distributes LPG under the brand HP Gas and has over 23,700 fuel outlets across India. In early 2026, it built a new Residue Upgradation Facility at its Visakhapatnam refinery, which helped it increase margins significantly.

It also plans to deploy LNG capacity through its Chhara terminal in Gujarat.

Services: LPG (HP gas), oil refining, retail sales of fuel, LNG

Reliance Industries—India’s Biggest Private Gas Producer

  • Founded: 1973
  • Owner: Mukesh Ambani
  • HQ: Mumbai

Reliance was founded in 1973 by Dhirubhai Ambani. Today it is India’s second-largest company by revenue. Its gas business lies on the KG-D6 block in the Krishna Godavari Basin.

It supplied 26 MMSCMD of gas (nearly 30%) of India’s domestic gas supplies in FY26. Reliance also supplies over 40% of India’s compressed biogas (CBG).

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Services: Offshore gas production, petroleum refining (world’s largest single-site refinery at Jamnagar), fuel retail (Jio-BP), compressed biogas, new energy.

Petronet LNG—India’s LNG Gateway

  • Founded: 1998 |
  • Owner: GAIL, IOC, BPCL, ONGC (12.5% each) |
  • Headquarters: New Delhi
  • Image Courtesy: Petronet LNG

The company was formed in 1998 to construct the country’s first LNG import terminal. Its Dahej facility in Gujarat (capacity 17.5 MMTPA) is India’s biggest LNG terminal.

When the West Asian war cut off world LNG supplies in FY26, Petronet’s long-term contracts with Qatar and Australia maintained India’s LNG supply.

Services: LNG import, cryogenic storage, regasification, pipeline injection, and small-scale LNG for off-grid industrial customers.

Adani Total Gas—The Fastest-Growing CGD Company

  • Founded: 2004
  • Owner: Adani Group + TotalEnergies (50:50 JV)
  • HQ: Ahmedabad

The company, which was started by Adani Group in 2004, partnered with TotalEnergies France in 2020. It is India’s fastest-growing city gas distribution company with 33+ areas in six states. FY26 revenue: 5,894 crore; profit: 656 crore.

Services: Piped natural gas (PNG) for homes, shops, and industries; CNG for vehicles; EV charging infrastructure.

Indraprastha Gas (IGL)—Delhi’s Gas Backbone

  • Founded: 1998
  • Owner: GAIL + BPCL (22.5% each)
  • HQ: New Delhi

IGL was created in 1998 to purify the air of Delhi, starting with a Supreme Court-ordered CNG conversion of the city’s buses. Today it manages over 1,250 CNG stations and provides gas to 9 lakh homes. It is the best CGD franchise in India with its dense urban market and 25-year monopoly licence.

Services: CNG for vehicles, PNG for homes and businesses, gas infrastructure development in Delhi, NOIDA, Ghaziabad, Faridabad, and Greater NOIDA.

Gujarat Gas—Largest CGD Company by Volume

  • Founded: 1980 |
  • Owner: GSPC Group |
  • HQ: Ahmedabad

Gujarat Gas is the oldest CGD company in India and the biggest by volume of its gas supply. Its success is driven by the fact that it is the largest CGD player in India and dominates the Morbi ceramic cluster (India’s biggest ceramics belt), which gives it a huge and robust industrial customer base that most other CGD companies don’t have.

Services: Industrial gas supply, PNG for homes and businesses, CNG for vehicles, and gas infrastructure across Gujarat, Maharashtra, and Rajasthan.

India Gas Sector: Key Market Metrics

MetricValue
India’s total gas pipeline network33,203 km
Current gas share in India’s energy mix~6%
Government target by 203015%
India’s refining capacity (FY25)258.12 MMTPA
Total OMC fuel outlets (April 2025)96,726
LPG distributors in India (June 2025)25,573

FAQs

What is the No. 1 gas company in India? 

ONGC is the largest by domestic gas production (~84% of India’s output). GAIL is the largest in gas transmission and marketing.

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Which companies distribute LPG to Indian homes? 

Three companies: Indian Oil (Indane), BPCL (Bharat Gas), and HPCL (HP Gas).

What is the difference between CNG and PNG? 

CNG is a compressed gas used as vehicle fuel. PNG is gas piped directly into homes and businesses for cooking and heating.

Which is India’s largest LNG terminal?

 Petronet LNG’s Dahej terminal in Gujarat, with a capacity of 17.5 MMTPA.

Is Reliance Industries a government company? 

No. It is a private company owned by Mukesh Ambani and is India’s largest private-sector gas producer.

Which is the largest city gas distribution company in India by volume? 

Gujarat Gas, primarily because of its large industrial gas customers in Gujarat’s Morbi ceramic belt.

Conclusion

You will find the Indian gas sector made up of a mix of big private and government firms, a mega-private player and an expanding number of city gas distributors.

Take ONGC for instance: it is the producer of the gas. From there it is in the hands of GAIL and others to be moved on, while companies such as Petronet handle imports. Then you have IGL, Adani Total Gas and Gujarat Gas to name a few that do the supplying.

It is an industry on the up and we can expect more of the same. With 15 per cent of the energy mix set to be gas by 2030 and USD 100 billion in investments on the books for the coming years, growth is assured.

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