India’s gas demand continues to rise
But increasing domestic output ought to trim LNG import requirements
Inda’s gas consumption has grown steadily over the first six months of this year, fuelled by favourable prices and an uptick in domestic production. The country used 7.65% more gas in the first six months of 2024 than it did in the same period of 2023. Domestic production increased by 6.41%, while imports jumped by a 9.14%. Increased government backing for transitioning to gas has seen a steady growth in India’s consumption of the fuel over the past few years, with the only exceptions being the 2020–21 and 2022–23 financial years (FYs)—when imports were impacted by the Covid-19 pandemic and the high prices stemming from the Russia-Ukraine war. “India's gas demand has been erratic in the last
Also in this section
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
