MUMBAI: With the increase in domestic natural gas production, India’s dependency on imported liquefied natural gas (LNG) is expected to fall to about 45% of total consumption in 2025-26 after gradually declining from 53% in 2020-21, CareEdge Ratings said in a report on Tuesday.
The higher demand is expected to be supported by sizeable growth in domestic gas production wherein nearly 30 million metric standard cubic meters per day (MMSCMD) of new domestic natural gas production has gradually come on stream over the past three years and about 15 MMSCMD is expected to come on-stream during 2024-25.
