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Date: 12/03/2025

India’s import of LNG to double by 2030: IEA
 
India’s gas consumption is set to surge 60% to 103 billion cubic metres (bcm) by 2030, leading to more than doubling of liquefied natural gas (LNG) imports, the International Energy Agency said, suggesting further liberalisation of the domestic market as the world heads towards a surplus. Noting that India is looking to increase the share of gas in its energy mix from a little over 6% to 15%, the IEA’s special report on India’s gas market released at the India Energy Week projected a potential for even higher growth under an accelerated scenario where targeted policy measures could push total demand to approximately 120 bcm by 2030 – comparable to the current gas consumption of South America. Demand increased by more than 10% in both 2023 and 2024, indicating an inflection point as rapid infrastructure expansion and policy support drive unprecedented growth in consumption, as per a report.
 
Source: Exim News Service: Vienna, March 11



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