The Indian government says natural gas demand “almost nonexistent” in 2020.
India’s Natural Gas Corporation (NGC) says the country’s peak demand is around 5.6 trillion cubic feet per day.
The figure is a conservative estimate based on government data and assumptions, but analysts say it is an underestimation.NGC says its projections do not take into account the huge investments in gas infrastructure in the country.
NGC Chief Executive Officer S. Natarajan said India is now on track to meet its 2020 target of 20 trillion cubic meters of gas.
Natarajans projections suggest India’s peak natural gas consumption in 2020 is around 2.8 trillion cubic metres per day, which would leave the country with a peak demand of around 6 trillion cubic-feet per day by 2023.
The government has said its new target will allow it to meet the nation’s ambitious emissions reduction targets by 2027.
According to the report released last month, India’s annual electricity demand is forecast to rise by 6.1% to 10.3 trillion kilowatt-hours (kWh) in 2020, compared to a rise of 1.7% to 2.2 trillion kWh in 2020 and a decline of 3.3% to 4.3 billion kWh in 2021.