New Delhi, Jan. 1 -- The domestic natural gas consumption is expected to rebound and grow by 3-4 per cent year-on-year in FY2027 after witnessing a phase of near-term moderation in FY2026, according to a report by ICRA.

The report highlighted that the recovery in gas consumption will be driven by a pickup in industrial offtake and the continued expansion of the City Gas Distribution (CGD) network. ICRA expects higher gas usage from key consuming sectors such as refining, fertilisers and CGD to support this growth in FY2027.

It stated "India's natural gas consumption is expected to grow by 3-4 per cent year-on-year in FY2027, following a period of near-term moderation in FY2026".

ICRA noted that during the first seven months of FY2026, ...