The forecast of India's gas consumption from 2024 to 2028 shows a gradual decrease from 1.89 Exajoules in 2024 to 1.68 Exajoules in 2028. In 2023, the consumption stood at approximately 1.95 Exajoules. This data indicates a consistent reduction in consumption over the five-year period. The year-on-year variations reveal a declining trend, with percentage reductions of around 3.7% annually. The Compound Annual Growth Rate (CAGR) over these five years displays an average decrease per year.
Future trends to watch include the potential impact of energy transition policies, heightened focus on renewable energy, and technological advancements in energy efficiency that could further affect gas consumption patterns in India.
