LNG tanker arriving at Kochi LNG
India’s growing gas appetite
Demand increasing at a clip as government plots infrastructure buildout
India’s gas consumption has grown steadily at a rate of more than 7% in the first half of the 2023–24 financial year after a lacklustre showing in 2022–23, data released by the government’s Petroleum Planning & Analysis Cell shows. With total consumption of 5.8bcm in September, India’s gas use marked its ninth consecutive month of growth with a 24% increase year-on-year. The surge was driven primarily by the power generation and refining sectors, with annual growth of 34% and 78%, respectively. The start of the holiday season, which is associated with higher power demand and a surge in industrial activity, also helped fuel the rise. Gas consumption declined by 6.53% in FY 2022–23 compare
Also in this section
20 March 2025
As cash-strapped Western governments commit to substantially raising defence expenditure, a similar dynamic is playing out in Saudi Arabia’s oil and gas sector, as Saudi Aramco maintains it heavy capex push despite reduced revenues
20 March 2025
Tariffs, sanctions and trade conflicts are upending the oil market, impacting crude differentials and shipping rates and creating uncertainty
20 March 2025
While advanced economies debate peak fossil fuel demand, billions of people still lack access to reliable and affordable energy, especially in the Global South
19 March 2025
Iran’s oil is caught in the crosshairs of support from China and Russia and US maximum pressure, with options becoming more and more limited
