India’s dependence on imported Liquefied Natural Gas (LNG) exceeded 50 per cent of its consumption for the first time in 2018, according to the Shell LNG Outlook 2019.
“India is also using LNG to meet its increasing needs for a secure energy supply. Domestic gas production dropped and the resulting increase in demand for imported gas was met by LNG (up 10 per cent year on year). LNG’s share of India’s total gas supply mix exceeded 50 per cent for the first time in 2018,” the report said.
China, India, South Korea and Pakistan led the LNG demand growth in 2018
Shell predicts that India and China can double their LNG import infrastructure in 5 years and will be the prominent drivers of demand.
