Indian oil & gas demand forecast (Business Opportunities - Marketing & Sales)
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Indian oil & gas demand forecast | |
Indian oil & gas demand forecast India's oil and gas demand is projected to experience significant growth over the next decade. The International Energy Agency (IEA) forecasts that India's oil demand will increase from 5.48 million barrels per day (bpd) in 2023 to 6.64 million bpd by 2030, making it the largest contributor to global oil demand growth during this period. This surge is primarily driven by the transportation sector, with diesel consumption accounting for about 50% of the increase. Despite efforts to promote electric vehicles (EVs), their adoption is expected to offset only a portion of the rising demand. Additionally, India''s natural gas consumption is set to grow by 60% by 2030, supported by the expansion of city gas distribution networks and increased industrial use. However, domestic production is anticipated to remain limited, necessitating a substantial increase in liquefied natural gas (LNG) imports to meet the rising demand, Indian oil & gas demand, Indianpetroplus #Indianoil&gasdemand #Indianpetroplus | |
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| Target State: All States Target City : All Cities Last Update : May 04, 2025 3:07 PM Number of Views: 35 | Item Owner : Indianpetroplus Contact Email: Contact Phone: (None) |
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2025-06-01 (0.660 sec)