As one of the primary techniques for enhanced oil recovery, the gas injection method has been investigated widely. However, introducing “dry gas” into a gas-condensate reservoir is more than miscible flooding that maintains reservoir pressure and improves oil displacement. This method is associated with complex thermodynamic processes or phase transitions, such as the re-vaporization of heavy hydrocarbon ends and connate water, the reduction of the condensate/gas ratio and retrograde dew point (RDP) pressure, etc. In this paper, a laboratory study was conducted to estimate the effectiveness of the gas injection process during gas-condensate reservoir development. Specific laboratory equipment was constructed to conduct an experimental investigation by modelling the gas injection and reservoir depletion process.Detailed analysis of experimental investigations suggests the gas injection process might be more effective when the “reservoir” pressure is below the initial RDP pressure of the fluid. Thermodynamically, this pressure stage could be conducive for gas injection, by decreasing the condensate/gas ratio, re-vaporizing the liquid phase that dropped out and maintaining the system in a single gas phase.To further examine the process of the liquid or fog formation phase in the gas-condensate mixture, the fluid was investigated as a colloidal structure. Theoretical findings confirm that the fog condition is a well-matched feature of gas-condensate fluids with the properties of aerosol-colloidal systems. The correlation between fog up (FU), RDP pressures and temperature was investigated experimentally. The rationale for increasing the difference between the FU and RDP pressures with the increase of temperature and other physical and thermodynamic properties of gas-condensate systems is explained according to the fundamentals of colloidal systems.Based on these obtained results, conclusions were reached about the physical nature of the condensation under reservoir conditions. The results show that condensation in the reservoir condition can occur when the pressure in the interval creates the formation of liquid phase micro-embryos or aerosols. Thus, the fluid condenses due to surface forces between the sub-micron-sized condensate particles and the rock granules. This phenomenon can cause condensate blockage or condensate banking in the early stage of reservoir development when even the reservoir pressure is greater than the RDP pressure identified in the PVT cell. These results were used to explain the dynamic processes occurring within and influencing the operating characteristics of the gas-condensate wells. Because these colloidal features of fluid can play a significant role in reservoir development, we recommended considering these aspects when planning gas injection methods.