India may see the share of natural gas in its energy basket rise to 10 per cent by 2025 as a result of massive investment push in the creation of infrastructure to take the environment-friendly fuel to consumers, GAIL Director (Marketing) E S Ranganathan said.
Currently, natural gas makes up about 6.2 per cent of the entire energy consumption in the country. PM Narendra Modi has set a target of raising the share of natural gas in the energy basket to 15 per cent by 2030 to cut carbon emission in the economy. “With gas demand (growing at) CAGR (of) 8 per cent, gas is expected to account for around 10 per cent of India’s primary energy supply by 2025,” Ranganathan said at a PHDCCI webinar. CAGR stands for compound annual growth rate.
India is making investments worth billions of dollars to expand pipeline network as well as build import capacities to meet growing gas demand in the country. Also, city gas distribution networks are being expanded to raise the share of gas as a transportation fuel as well as kitchen fuel