NEW DELHI: India’s natural gas demand is expected to rise by 4% in 2023 calendar year and will continue to increase at an average annual rate of about 8% till 2026, the International Energy Agency said.
The growth in demand will be primarily supported by the power, petrochemical and fertiliser sectors, the agency’s medium-term gas market forecast said. It quoted Petroleum Planning and Analysis Cell, the oil ministry’s market tracker, to note India’s primary gas supply rising by 2% in the first eight months of 2023.
