New Delhi, Feb. 12 -- The International Energy Agency (IEA) on Wednesday projected that India's liquefied natural gas (LNG) imports will more than double by 2030, driven by sustained demand growth and a slower-than-anticipated rise in domestic production.
According to the IEA's latest report on India's natural gas sector, LNG demand in the country is expected to grow at an annual rate of 11% between 2023 and 2030-twice the average pace recorded over the past decade.
The agency estimates LNG consumption will reach 64 billion cubic meters (bcm) per year by 2030, while overall gas consumption is set to rise by 60% from 2023 levels to 103 bcm.
Domestic gas production is expected to see only moderate growth.
The agency also noted that meet...
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