The import of Liquefied Natural Gas (LNG) to India has demonstrated notable fluctuations, with a year-on-year variance of 9.73% in 2022 and 3.99% in 2023. Over the past five years, the average annual growth rate, or CAGR, has been relatively modest at 3.64%. The forecast anticipates continued growth, projecting a 5-year CAGR of 2.89% and an overall growth rate of 15.28% by 2028.
Future trends to monitor include shifts in global LNG prices, India's domestic natural gas production, and government policies promoting clean energy. Enhanced infrastructure and technological advancements may also play critical roles in shaping LNG import trends over the upcoming years.
