India’s gas imports to soar—IEA

Economic growth will boost the country’s requirements to ship in fossil fuels

India’s dependence on imports of oil and LNG is set to grow in the coming years, according to the IEA’s India Energy Outlook 2021. In projected scenarios based on factors including government policy, GDP and population growth expectations, the IEA mapped out a future in which India’s growing energy needs and goal of reducing emissions results in significant increases in imports of hydrocarbons—particularly gas. Indian oil demand was around 5mn bl/d in 2019, but in the IEA’s Stated Policies Scenario (Steps)—an outlook based upon current government policy and the assumption that Covid-19 will be largely brought under control this year—that rises to 7.1mn bl/d in 2030 and 8.7mn b/d in 2040, pr

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