India’s economic growth is closely associated to its energy demand; in fact, India is the 3rd largest energy consumer in the world. A robust growth is expected in the country’s oil and gas sector, which will make the sector even more attractive for investment and also enhance its role in influencing decisions for growing the Indian economy.
Natural gas remains the fuel of choice because of its low emission of particulate matter, carbon dioxide, nitrous oxide, and cleaner burning. The per capita consumption of natural gas in India is only ~29 standard cubic meters (SCM) vis-a-vis the world average of 363 SCM. The government has time and again shown its commitment to increasing the gas share in India’s primary energy mix from the current 6.2% to 15% by 2030 and has been supporting various policy directives and regulatory changes to reach the goal.