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
15 July 2025
Government consultations on the windfall tax and the exploration licence ban are positive steps, but it is unclear how long it will take for them to yield tangible outcomes
15 July 2025
A brutally honest picture about the potential role of oil and gas in 2050 should prompt policymakers to not only reflect but also change course to meet vital energy needs
14 July 2025
Robust demand and a limited supply of additional physical barrels from key OPEC+ producers has kept the oil market in a healthy price range
11 July 2025
Equinor and its partners at Norway’s largest oilfield have pulled the trigger on a fresh $1.3b investment that will maintain high output for longer
