Commodity Market Report

India LNG market report

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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

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    India LNG market report

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