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According to IEA Report India's Natural Gas Consumption Set to Rise by 60%, Imports to Double by 2030.

Economy Business | Dated: 15 Feb 2025

According to the Paris (France)-based International Energy Agency (IEA)'s report titled "India Gas Market Report: Outlook to 2030," India's natural gas consumption is projected to increase by nearly 60%, reaching 103 billion cubic meters (bcm) annually by 2030. This surge will be mainly driven by strong growth in city gas distribution, industrial demand, and power generation.

🎯 Key Highlights:

  • - Liquefied Natural Gas (LNG) imports are expected to more than double from 2023 to 2030, reaching 65 bcm annually, due to steady demand growth and slower increases in domestic production.
  • - The key findings of the report were released during the India Energy Week (IEW) celebrations held in New Delhi.

💡 Other Important Facts:

  • (i) The report suggests that with targeted strategies and policy interventions, India's total gas consumption could exceed the projected trajectory, potentially reaching around 120 bcm annually by 2030.
  • (ii) India's natural gas demand grew by over 10% in both 2023 and 2024, marking an inflection point, with total consumption in 2023 slightly surpassing the 2011 levels.

📚 Test Your Knowledge:

According to the recent IEA report, by how much is India's natural gas consumption expected to increase by 2030?

Correct Answer: 60%

🚀 Quick Recap:

About International Energy Agency (IEA)

  • ED : Dr. Fatih Birol
  • Headquarters: Paris