In 2023, the direct transfer on natural gas for fossil fuel production in India was valued at approximately $5.59 million. Forecasts indicate a steady increase over the next five years, reaching $5.79 million by 2028. The year-on-year growth is relatively modest, with an average annual increase of about 0.6% projected over this period. This indicates a stable but slow upward trend in financial support for natural gas within India's fossil fuel sector.
Future trends to watch for include:
- Shifting energy policies focused on renewable energy over fossil fuels.
- The impact of global climate agreements on India's fossil fuel investments.
- Technological advancements in natural gas extraction and usage.
- Fluctuating global natural gas prices affecting India's market dynamics.
