Coal Continues to Dominate India's Power Mix Despite Gas Growth

Fueled by population growth, economic development and a shift towards cleaner energy, India’s gas consumption is expected to nearly double to 113.7 billion cubic meters (Bcm) by 2040 from 65 billion cubic meters (Bcm) in 2023, according to Rystad Energy's research. Near-term demand is supported by a 51% jump in domestic gas production since 2020 to 36.7 Bcm by 2025, but this will not be enough to meet the country’s growing demand for natural gas. The result is that India will continue to rely heavily on imports to satisfy its future…