India’s Gas Consumption Skyrockets: A 2024 Overview
In 2024, India witnessed a remarkable surge in gas consumption, soaring by 11% annually. This increase can be attributed to a variety of sectors, primarily industries, refineries, and a notable uptick in residential and transport usage. As the demand for cleaner energy sources intensifies, natural gas is emerging as a favored choice among consumers and businesses alike.
Driving Forces Behind the Surge
The primary drivers of this growth include the industrial sector, where gas is being increasingly utilized for manufacturing processes, and refineries that are relying on gas to enhance operational efficiency. Additionally, residential consumers are adopting gas for cooking and heating, while the transport sector is gradually shifting towards gas-powered vehicles. This collective demand has led to a striking 21% increase in Liquefied Natural Gas (LNG) imports, compensating for the decline in domestic production.
Government Initiatives and Future Prospects
Recognizing the significance of natural gas in India’s energy landscape, the government is keen on boosting its share in the energy mix to 15% by 2030. This ambitious goal reflects a broader strategy focused on energy security and the diversification of LNG supplies. By fostering a robust natural gas market, India aims to reduce its reliance on coal and enhance its environmental sustainability efforts.
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Stay tuned for more updates on India’s energy journey and how you can be a part of this transformative phase!
