India’s natural gas demand to rise 60% by 2030, says IEA

India’s natural gas demand is forecast to increase by nearly 60% by 2030 putting the country’s projected gas demand on a par with some of the world’s largest consumers, the International Energy Agency (IEA) said on Wednesday.

The agency released its report on India gas market outlook to 2030 during the India Energy Week here. According to the report, the country’s gas consumption is set to reach 103 billion cubic metres (bcm) annually by the end of the decade. “Following over a decade of slow growth and periodic declines, India’s natural gas demand increased by more than 10% in both 2023 and 2024, indicating an inflection point,” it said.

Double counting of SEZ transactions inflated gold import figures

“India’s gas market is entering a new phase of growth, supported by significant infrastructure development and clear policy direction,” IEA director of energy markets and security Keisuke Sadamori said. The projected rise in gas demand comes in line with an expected wave of new global LNG supply. “However, it will require careful planning and market coordination to ensure supply security and to help gas to compete in a price-sensitive market,” he said. The agency highlighted three key factors supporting this substantial growth — rapid infrastructure expansion, recovering domestic production, and an expected easing of global gas market conditions.

Infrastructure development is playing a crucial role in enabling the country’s market growth. Since 2019, India has almost quadrupled its number of compressed natural gas (CNG) stations and more than doubled the number of residential gas connections, while extending its transmission pipeline network by 40%. IEA expects the number of CNG stations and residential connections to nearly double again by 2030, with the gas transmission grid expanding by an additional 50%.

The city gas distribution sector is expected to lead consumption growth in India between now and 2030, supported by rapid CNG infrastructure expansion and competitive pricing against liquid fuels. The heavy industry and manufacturing sectors are expected to add around 15 bcm of demand during this period, while gas use in oil refining is forecast to increase by more than 4 bcm as more refineries connect to the network, as per IEA’s projections. The country’s domestic gas production, which met 50% of demand in 2023, is projected to grow gradually, reaching just under 38 bcm by 2030, at around 8% above 2023 levels. 

 » Read More

Related Articles

March 2025 Tax Alert: Miss these deadlines and you could lose exemptions, face fines

March 31 is the last day of the financial year, which is considered a very important date for taxpayers and investors. If you have not yet made the necessary investments to save tax or some important financial work is pending, then it is very important to settle them this month. Whether it is taking advantage

Loan Against Mutual Funds: How it works & what you should know

Investing in mutual funds can significantly contribute to wealth accumulation over time. Interestingly, these investments can also serve as collateral for securing a loan. Lenders may consider your mutual fund holdings as a guarantee, allowing you to obtain loans at competitive interest rates. Prior to approving the loan, lenders will evaluate the value of your

Paytm Money receives SEBI nod to offer research services, shares surge

Shares of One 97 Communications Ltd, the parent company of Paytm, surged up to 7.54 per cent at 11:30 am on Tuesday to a trading price of Rs 740.75 after its subsidiary Paytm Money received green light from the Securities and Exchange Board of India (Sebi) to offer services as a research analyst. With this

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

March 2025 Tax Alert: Miss these deadlines and you could lose exemptions, face fines

March 31 is the last day of the financial year, which is considered a very important date for taxpayers and investors. If you have not yet made the necessary investments to save tax or some important financial work is pending, then it is very important to settle them this month. Whether it is taking advantage

Loan Against Mutual Funds: How it works & what you should know

Investing in mutual funds can significantly contribute to wealth accumulation over time. Interestingly, these investments can also serve as collateral for securing a loan. Lenders may consider your mutual fund holdings as a guarantee, allowing you to obtain loans at competitive interest rates. Prior to approving the loan, lenders will evaluate the value of your

Paytm Money receives SEBI nod to offer research services, shares surge

Shares of One 97 Communications Ltd, the parent company of Paytm, surged up to 7.54 per cent at 11:30 am on Tuesday to a trading price of Rs 740.75 after its subsidiary Paytm Money received green light from the Securities and Exchange Board of India (Sebi) to offer services as a research analyst. With this

Heatwave fuels growth for AC Industry- 3 key factors watch now

The heatwave may not be good news for you but the AC industry is rejoicing… It is expected to deliver robust volume-led growth in Q4FY25 on the back of early onset of the summer coupled with aggressive channel stocking.  The Indian Meteorological Department has predicted above-normal number of heatwave days in most parts of the

Bajaj Finserv slips 2%; Bajaj Group buys out 26% Allianz stake in insurance JV

Bajaj Finserv’s share price fell 1.8% to an intra-day low of Rs 1,837. The stock was the major loser in the Nifty 50. The fall in share price came after Bajaj Group signed a share purchase agreement with Allianz SE to buy out its stakes in the joint ventures.  The company will acquire a 26%