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Opinion
India Gas LNG
Neil Atkinson
New Delhi
30 November 2023
Follow @PetroleumEcon
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Letter from India: Prosperity and sustainability make uneasy bedfellows

Burgeoning middle class and long-term growth from a low base at odds with energy transition efforts

Visits to India never fail to leave the impression of fast growth, dynamism and people in a hurry to get richer. The big-picture numbers are certainly impressive: GDP growth is likely to be about 5% in 2023 and 6% in 2024, according to OECD data. Looking ahead, the pace could accelerate even further to 7% through the rest of the decade. India surpassed China earlier this year to become the world’s most populous country, with more than 1.43b people. The population will continue to grow to 2063, when it will peak at 1.66b, according to the UN. The proportion of the population living in energy-hungry cities will grow from 36% in 2022 to 53% in 2050, while per capita income is expected to triple

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Cheap gas key to unlocking new markets
9 June 2025
Weaning poorer regions off coal means gas needs to be abundant and competitive longer term
LNG faces promises and perils ahead
9 June 2025
LNG has opportunities to expand in established markets and access new ones, but the sector’s outlook is also fraught with uncertainties, from political and regulatory difficulties to chokepoints, project delays and cost overruns, says the IGU
Do not underplay China’s long-term gas growth narrative
6 June 2025
A subdued market amid global trade tensions is just an aberration in gas’ upward trajectory
Woodside adopts considered approach to Louisiana LNG
6 June 2025
CEO Meg O’Neill explains the virtue of patience in offtake discussions amid tariff tensions

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