India’s gas demand continues to rise
But increasing domestic output ought to trim LNG import requirements
Inda’s gas consumption has grown steadily over the first six months of this year, fuelled by favourable prices and an uptick in domestic production. The country used 7.65% more gas in the first six months of 2024 than it did in the same period of 2023. Domestic production increased by 6.41%, while imports jumped by a 9.14%. Increased government backing for transitioning to gas has seen a steady growth in India’s consumption of the fuel over the past few years, with the only exceptions being the 2020–21 and 2022–23 financial years (FYs)—when imports were impacted by the Covid-19 pandemic and the high prices stemming from the Russia-Ukraine war. “India's gas demand has been erratic in the last
Also in this section
19 March 2026
The regional crisis highlights the undervalued role of fixed pipelines in the age of tanker flexibility
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny
