IEA SEES INDIA'S LNG IMPORTS DOUBLING BY 2030 ON DEMAND SURGE
NEWS Desk Global
India’s gas consumption is set to surge 60% to 103 billon cubic metres (bcm) by 2030, leading to more than doubling of liquefied natural gas (LNG) imports, the International Energy Agency said on Wednesday, suggesting further liberalisation of the domestic market as the world heads towards a surplus.
Noting that India is looking to increase the share of gas in its energy mix from a little over 6% to 15%, the IEA’s special report on India gas market released at the India Energy Week projected a potential for even higher growth under an accelerated scenario, where targeted policy measures could push total demand to approximately 120 bcm by 2030 – comparable to the current gas consumption of SouthAmerica.
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