India’s natural gas demand set to rise 6% in 2024, anticipates International Energy Agency report
![India's natural gas demand set to rise 6% in 2024, anticipates International Energy Agency report](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/01/7720.jpg)
India’s natural gas demand is poised for a 6% increase in 2024, rebounding from a 7% year-on-year decline observed in 2022, according to the latest report from the International Energy Agency (IEA).
The primary driver of this surge is anticipated to be the heightened usage of gas in various sectors, including industry (particularly in the fertilizer sector) and an increased gas burn in the power sector.
The report emphasizes that the development of India’s national pipeline grid and city gas infrastructure will play a pivotal role in supporting this growth.
In 2023, India’s natural gas demand had already reached 64 billion cubic meters, indicating a significant rebound from the previous year.
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