Gas has no guarantee of major Indian generation role
ExxonMobil study sees significant variation in penetration of gas-fired power in 2040
The share of gas in India’s generation mix in the April 2017-March 2018 fiscal year was just 4pc, according to the country’s Central Electricity Authority (CEA), down from a peak of 12pc in FY2009-10. This leaves substantial potential for gas-for-power demand to grow, even if—as Dimitri Papageorgiou, research associate at ExxonMobil, told Petroleum Economist’s LNG to Power APAC virtual forum in late October—the CEA sees coal declining from its more than 70pc historical share (see Fig. 1) but still retaining a 50pc+ slice of generation requirements. For one thing, Indian power demand is projected to increase two-and-a-half times from 2017 to 2040, according to the IEA’s New Policies scenario.
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
