Insight

India energy: 2019 in review and what to look for in 2020

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India aims to achieve a US$5 trillion economy. However, 2019 saw a major economic slowdown, despite being an election year. Policy uncertainty and energy supply deficit remain high but so does the demand potential. As we enter 2020, the focus needs to be on ramping up energy and infrastructure investments. Equally vital will be electrification of the transport sector and increased penetration of renewables.

Table of contents

    • Slowing economy and prolonged monsoons impacted energy markets
    • Cautious optimism for oil demand growth in 2020 after a slowdown in 2019
    • BS VI regulations driving refinery investments and IMO regulations to prove beneficial
    • Target electrification rate achieved, the focus on renewables remains high in the power sector
    • A slowing economy provided relief to domestic coal production , keeping market in balance
    • Gas output to grow in 2020 after the upstream sector disappoints on most counts in 2019
    • After a flattish 2019, LNG demand growth to depend on pace of city gas and regas infrastructure buildout
    • Final thoughts

Tables and charts

This report includes 7 images and tables including:

  • Supply and demand: 2018 to 2020
  • Imports dependency trend for key commodities
  • GDP growth slowed, and industrial production declined
  • NBFC crisis has deepened woes for the automobile sector and the economy
  • Heavy rainfall and labour issues constrained domestic production
  • Slowdown in the economy restricted increase in import dependency
  • Gas price comparison

What's included

This report contains:

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    India energy: 2019 in review and what to look for in 2020

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