India’s natural gas demand to rise 4% in 2023: International Energy Agency
India’s natural gas demand is set to grow by 4 per cent in 2023 and rise at an average annual rate of over 8 per cent till 2026, a medium-term forecast by the International Energy Agency (IEA) has shown.
Released on Tuesday, it also showed that global gas demand is on course to grow by an average 1.6 per cent a year between 2022 and 2026, down from an average of 2.5 per cent a year between 2017 and 2021.
Following a steep 6 per cent decline in 2022, liquefied natural gas (LNG) imports into India increased by 8 per cent in the first eight months of 2023 compared to the same period of the previous year. Primary gas supply increased by 2 per cent.
