In 2023, India's natural gas demand jumped to 64 billion cubic meters, a 5% increase from the year before," says ES Ranganathan. This rise shows how important natural gas is becoming in India's energy mix, driven by the growing economy and a push for cleaner energy. The petrochemical industry has been a big part of this demand, using natural gas in various chemical processes. "The power generation sector is also using more natural gas as a cleaner alternative to coal, which helps reduce carbon emissions and improve air quality," adds ES Ranganathan.
This increase in natural gas demand highlights the need for a strong and forward-thinking energy policy in India. To keep up with this growth and meet future needs, significant investments are needed in infrastructure like pipelines, storage facilities, and distribution networks. "A clear policy will encourage domestic production, reducing reliance on imports and boosting energy security. It's also crucial to align energy policies with environmental sustainability goals to ensure that the increase in natural gas use doesn't conflict with India's commitment to reducing greenhouse gas emissions," says ES Ranganathan.
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