×
×
Markets & Forecasts

India sees growing need for LNG

India is facing a growing supply/demand gap when it comes to gas, meaning greater LNG imports will be needed to meet market requirements India is facing a growing supply/demand gap when it comes to gas, meaning greater LNG imports will be needed to meet market requirements.
By Catriona Scott 25 March 2019 Asia Pacific / Supply & Demand 0 34063
Indian LNG imports increased by 7% on an annual basis last year, to 20 mt. (Wikicommons)

India’s need for LNG imports is set to grow. The country is facing a rising dependence on LNG as increases in demand will continue to outpace gains in production. This is despite government efforts to increase domestic supply and its ambitious targets for future output. Piped imports are unlikely to start up in the short-to-medium term leaving the gas gap to be filled by LNG.

Demand

India consumed roughly 55 billion cubic metres of gas in 2018, a rise of 5% compared with 2017. Gas demand growth...