According to the International Energy Agency's medium-term gas report, India's natural gas demand will grow by 4% in the last four months of 2023
National
According to the International Energy Agency's medium-term gas report, India's natural gas demand will grow by 4% in the last four months of 2023. This is higher than the 2% growth reported by the Petroleum Planning and Analysis Cell in the first eight months. , Of the same year. This increase is expected to contribute to an additional 10 billion cubic meters of gas supply by 2026. The report released on October 10 projects an average annual growth rate of more than 8% in India's natural gas demand between 2022 and 2026. An increase of 20 billion cubic metres. This increased demand will be driven mainly by the power, petrochemical and fertilizer sectors. After a sharp decline in 2022, the IEA said India's natural gas demand and its growth pattern are likely to bounce back due to the favorable economic outlook, increased availability of gas supplies and ongoing reforms aimed at opening up the gas market.
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