Commodity Market Report

India LNG market report

This report is currently unavailable

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQs about online orders
- Find out more about subscriptions

30 November 2021

India LNG market report

Report summary

We expect India to overtake South Korea as the third-largest Asian LNG market by the mid-2030s and to be the second-largest starting 2040s. The country's annual LNG demand growth is expected to be 3.4% from 2020 to 2030 and 4% from 2030 to 2050. LNG regas nameplate capacity is expected to increase from 42 mmtpa in 2020 to about 75 mmtpa by 2025. In the longer-term, pipeline infrastructure development will be the key driver for LNG and gas demand growth. Domestic gas production surged from mid-2021 driven by deepwater projects, with production growing by about 12 bcm from 2020 to 2025. This results in a more moderate pace of LNG demand growth during this period in our outlook. As contracts roll-off from the mid-2020s, existing and emerging buyers will look to ensure supply security with new long-term volumes. Read our latest India LNG long-term outlook report to find out more, including the latest view of supply-demand balance, contracts, regas infrastructure, policy & regulation.

Table of contents

  • Infrastructure
  • Contracts
  • Demand
  • Pricing
  • Regulatory overview
  • Third-party access
  • Natural gas exploration and production
  • Natural gas pricing
  • Domestic gas allocation policy
  • Environmental regulations
  • Gas demand
  • Short-term LNG outlook
  • Medium- and long-term LNG outlook
  • Gas/LNG demand sensitivity
    • Dahej (17.5 mmtpa)
    • Hazira (5 mmtpa)
    • Dabhol (5 mmtpa nameplate)
    • Kochi (5 mmtpa nameplate)
    • Ennore (5 mmtpa nameplate)
    • Mundra (5 mmtpa nameplate)
    • Jaigarh (Maharashtra, West India)
    • Dhamra (Odisha, East India)
    • Swan LNG/ Jafrabad FSRU (Gujarat, West India)
    • Chahra LNG terminal (Gujarat, West India)
    • Karaikal (Tamil Nadu, South India)
    • Haldia (West Bengal, East India)
  • Regasification tariffs
  • Natural gas pipelines
  • Contracts renegotiation
  • Key challenges
  • Upside risks to LNG demand
  • Downside risks to LNG demand
  • What to watch in the Indian gas and LNG industry

Tables and charts

This report includes 14 images and tables including:

  • Domestic gas pricing
  • Key gas companies
  • Gas demand
  • Domestic gas supply
  • Gas supply-demand balance
  • Historical LNG imports
  • LNG imports seasonal profile
  • LNG contracted volumes vs. demand
  • LNG imports & regasification terminals
  • LNG import terminals
  • Gas transmission pipelines
  • Gas transmission pipelines
  • LNG SPA contracts
  • LNG contracted supply vs regasification capacity

What's included

This report contains:

  • Document

    data_India_2021_final.xls

    XLS 1.09 MB

  • Document

    India LNG market report

    PDF 1.84 MB