India’s Ambition of a Gas-based Economy Calls for More Research

Ever since Shri Dharmendra Pradhan, Minister of Petroleum and Natural Gas announced India’s target to achieve “15 per cent natural gas in the primary energy mix by 2030” (PIB 2017), the fuel has become a big-bet for the Indian economy. These numbers changed national expectations from the gas sector and hinted at multiple reforms in the road to achieving a more sustainable energy future.

At the recent edition of ‘CERAWeek India Energy Forum (26-28 October 2020)’ multiple discussions around India’s long-term natural gas outlook showcased its relevance to the global economy. Infrastructure developments, low gas prices, and market reforms offer great potential for natural gas uptake across sectors. However, there are multiple uncertainties associated with natural gas, which need detailed exploration before giving full throttle to its adoption.