As of 2023, India's natural gas proved reserves stood at an estimated 1.39 trillion cubic meters. Forecasts project a steady increase in reserves from 2024 through 2028, showing incremental growth each year. Specifically, reserves are expected to reach 1.41 trillion cubic meters in 2024, steadily rising to 1.5 trillion cubic meters by 2028.
Year-on-year growth in reserves from 2024 to 2028 averages approximately 1.5% annually, indicating a consistent but modest increase. The compounded annual growth rate over this period suggests a stable upward trend.
Future trends to watch for include technological advancements in extraction methods, policy shifts aimed at boosting domestic gas production, and potential new discoveries that could significantly alter reserve estimates. Additionally, evolving energy market dynamics and environmental considerations will play crucial roles in shaping India's natural gas scenario.
