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