Gas has no guarantee of major Indian generation role
ExxonMobil study sees significant variation in penetration of gas-fired power in 2040
The share of gas in India’s generation mix in the April 2017-March 2018 fiscal year was just 4pc, according to the country’s Central Electricity Authority (CEA), down from a peak of 12pc in FY2009-10. This leaves substantial potential for gas-for-power demand to grow, even if—as Dimitri Papageorgiou, research associate at ExxonMobil, told Petroleum Economist’s LNG to Power APAC virtual forum in late October—the CEA sees coal declining from its more than 70pc historical share (see Fig. 1) but still retaining a 50pc+ slice of generation requirements. For one thing, Indian power demand is projected to increase two-and-a-half times from 2017 to 2040, according to the IEA’s New Policies scenario.

Also in this section
25 July 2025
Mozambique’s insurgency continues, but the security situation near the LNG site has significantly improved, with TotalEnergies aiming to lift its force majeure within months
25 July 2025
There is a bifurcation in the global oil market as China’s stockpiling contrasts with reduced inventories elsewhere
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
24 July 2025
Trump energy policies and changing consumer trends to upend oil supply and demand