India Aims for 15% Natural Gas in Energy Mix by 2030 Amid Infrastructure Challenges
India aims to increase the share of natural gas in its energy mix to 15% by 2030, up from the current 6%, but faces significant infrastructure and regulatory challenges. Experts emphasize the need for policy reforms, including the inclusion of natural gas in the goods and services tax, to enhance consumption and support energy security. Additionally, LNG imports are expected to rise as demand grows to approximately 225 Bcm to meet this target.
Theia Market Signal Identification - AI Assisted
India's natural gas share in its primary energy mix is projected to rise by 2030, with a target of 15%. However, significant infrastructure development and regulatory reforms are needed to achieve this goal, according to Prashant Modi of Great Eastern Energy Corp.
Ltd. Currently, natural gas accounts for about 6% of India's energy mix, and increased consumption is viewed as crucial for energy security and net-zero commitments. The government aims to enhance gas consumption through recent policy changes, including the Petroleum and Natural Gas Rules 2025.
Modi emphasized the importance of including natural gas in the goods and services tax and streamlining the regulatory framework. LNG imports are expected to rise substantially. Johan Utama from S&P Global Energy noted that achieving the 15% target would require gas demand to grow to approximately 225 Bcm. GEECL, India's first commercial coalbed methane producer, plans to explore additional wells at its Raniganj block and does not seek strategic partnerships.
Comments