Premium
Rajesh K Mediratta, MD and CEO, Indian Gas Exchange
The expansion of city gas distribution (CGD), increased activity in the refineries and petrochemical sectors, and higher power generation against a backdrop of moderating gas prices will support a broad-based increase in natural gas consumption in India in the coming financial year.
Overall, consumption is expected to rise by 10 to 15 percent in the financial year 2023-24 (FY24) and 5 to 10 percent in FY25.
Several supporting factors play a role here, including deepening penetration, moderating prices and growing segmental consumption. Lower gas prices, both domestically and globally, coupled with greater domestic availability, are also expected to support demand growth.
The trends point to a positive trajectory
First print: January 1, 2024 | 12:11 pm IST