India’s Natural Gas Demand to Surge 60% by 2030, LNG Imports to Double: IEA

India’s natural gas consumption is projected to rise by 60% to 103 billion cubic meters (bcm) annually by 2030, driven by rapid urbanization, industrial growth, and expansion of city gas distribution networks, according to the International Energy Agency (IEA). This surge will position India as one of the largest global consumers of natural gas.

However, domestic production is expected to grow modestly, reaching just 38 bcm by 2030, covering less than half of the demand. To bridge this gap, India’s liquefied natural gas (LNG) imports will need to more than double, increasing from 36 bcm in 2024 to 65 bcm annually by 2030.

The IEA emphasizes that targeted strategies, such as deregulating gas pricing and expanding infrastructure, could further boost demand to 120 bcm per year, aligning with India’s goal of increasing natural gas's share in its energy mix from 6% to 15% by 2030.

Source: IEA, Indian Express