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IEA Report: India’s Natural Gas Consumption to Increase 60%, Imports double by 2030

Published on February 15, 2025

Current Context: The International Energy Agency (IEA) released the report titled "India Gas Market Report: Outlook to 2030" on February 12, 2025. 

IEA Report: India’s Natural Gas Consumption to Increase 60%, Imports double by 2030

  • The report highlights that India's natural gas consumption is expected to increase by nearly 60% to 103 billion cubic meters (bcm) annually by 2030. 
  • It also projects that liquefied natural gas (LNG) imports will more than double to meet the growing demand. 
  • The report emphasizes the need for further market liberalization, strategic planning, and infrastructure expansion to ensure supply security and competitive pricing.

Question:

1. What key recommendation does the IEA report emphasize for India's gas sector?
a) Expanding coal-based power generation
b) Implementing market liberalization and infrastructure expansion
c) Reducing reliance on renewable energy 
d) Increasing domestic oil exploration

Answer: b) The report highlights the need for further market liberalization, strategic planning, and infrastructure expansion to ensure supply security and competitive pricing.
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