The forecast for direct transfer on natural gas for fossil fuel production in India indicates a steady growth from $5.84 million in 2024 to $6.0 million in 2028. In 2023, this figure was not explicitly stated, so the 2024 value is the starting point for forecasting. The year-on-year growth from 2024 to 2025 is approximately 0.86%, gradually slowing to about 0.34% by 2028. The Compound Annual Growth Rate (CAGR) over this period is modest, reflecting a stable increase in investment. This trend suggests a consistent policy or market dynamics supporting growth in natural gas transfers for fossil fuel production.
Future trends to watch for include:
- Potential policy changes or regulatory developments affecting fossil fuel production subsidies.
- Technological advancements or energy transition policies that might impact natural gas reliance.
- The impact of global energy price fluctuations on domestic gas transfer dynamics.
- Increased focus on renewable energy might alter investment patterns in fossil fuel sectors.