Commodity Market Report
India LNG market report
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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
-
Current LNG status and access
- Dahej (17.5 mmtpa)
- Hazira (5 mmtpa)
- Dabhol (5 mmtpa nameplate)
- Kochi (5 mmtpa nameplate)
- Ennore (5 mmtpa nameplate)
- Mundra (5 mmtpa nameplate)
-
Future LNG terminal development
- 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:
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