Insight
Is the Indian government's target of 15% gas penetration by 2030 achievable?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
India has set the target to increase the share of natural gas in its primary energy mix from the current 5.6% to 15% by 2030. We estimate this would require gas demand to rise to around 170 bcm by 2030. The government and other stakeholders are taking multiple initiatives to promote gas’ application, including pro gas policies, infrastructure development and market deregulation. Yet, that target seems to be overambitious. In this insight we analyse the potential for gas demand growth across the different sectors, highlighting what would need to happen for the government target to be met.
Table of contents
- Executive summary
- An overly ambitious government target
- Pipeline developments remain key to unlock industrial gas demand
- Gas demand in transport will be supported by oil-to-gas switching before losing momentum to electric vehicles
- Last-mile connectivity will unlock residential and commercial demand in the long-term
- Increasing usage of gas in the power sector will be short-lived, unless restrictions on coal use and/or a carbon price are introduced
- Conclusion
Tables and charts
This report includes the following images and tables:
- Gas demand by sector (2011-2030)
- Transmission pipelines and LNG regas terminal projects in India
- Industrial sector gas demand (2019)
- Fuel prices in industries (Gujarat)
- City gas sector gas demand (2019)
- Fuel prices in city gas (Gujarat)
- Power sector gas demand
- Fuel prices in power sector (Gujarat)
- Gas demand outlook (2015-2040)
What's included
This report contains:
