India LNG Market is Expected to grow at a robust CAGR of 13.20% through 2030
The increasing India LNG market is
driven by Emerging Role in Transportation, Price Competitiveness during the
forecast period 2026-2030.
According to TechSci Research report, “India LNG Market – By Region,
Competition, Forecast & Opportunities, 2020-2030F, the country’s rising
industrialization and urbanization. As India continues to develop its
industrial and commercial sectors, demand for cleaner fuels like LNG is
increasing to support manufacturing, power generation, and transportation.
The automotive sector is particularly
significant, with growing interest in LNG as a fuel for commercial vehicles to
replace more polluting fuels like diesel. The government’s push for cleaner
fuel alternatives, as part of its environmental and energy security goals,
supports this trend. Additionally, the increasing focus on renewable energy
sources and distributed power generation further boosts LNG consumption.
The shift away from coal-fired power
plants toward natural gas in the power sector is another key driver, as natural
gas is considered a transitional fuel toward renewable energy. Moreover,
India’s need to diversify its energy sources and reduce its dependence on coal
and oil is driving LNG imports. With the rise of new LNG terminals and
regasification plants, access to natural gas is improving across the country,
further spurring growth. The growing focus on gas-based fertilizer production
and the increasing demand for LNG in the chemical industry add additional
momentum to the market.
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LNG Market"
Based on LNG Infrastructure, LNG
Regasification Facilities segment dominated in the India LNG Market, The LNG
Regasification Facilities segment is the dominant segment in India’s LNG
market, primarily driven by the country’s growing demand for natural gas and
the development of critical infrastructure. India’s reliance on imported LNG
has steadily increased as its domestic natural gas production has been
insufficient to meet the escalating energy needs of various sectors, including
power generation, transportation, and industry. Regasification facilities,
which convert LNG back into gas for distribution, are essential for ensuring
the availability of natural gas across the country. These facilities are
typically located at coastal regions near major ports, allowing for efficient
imports and distribution.
As of recent reports, India operates
multiple regasification terminals along its western and eastern coastlines,
with major facilities at Dahej, Hazira, and Kochi. These terminals are pivotal
in fulfilling the country’s energy demands. For instance, the Dahej terminal,
operated by Petronet LNG, has a capacity of 17.5 million metric tons per annum
(MMTPA), which has been expanded in recent years to cater to the growing demand
for natural gas. Similarly, the Kochi terminal is a critical facility for the south
of India, helping to meet the needs of the industrial and city gas distribution
(CGD) sectors. The expansion of regasification terminals is a major focal point
in India’s LNG infrastructure development strategy.
India’s government has also been active
in promoting the construction of additional regasification facilities, with
plans to increase the number of terminals significantly by 2025. This
infrastructure expansion is a response to the country’s increasing reliance on
natural gas, driven by the need to reduce carbon emissions and shift toward
cleaner fuels. The government aims to raise the share of natural gas in India’s
energy mix from 6% to 15% by 2030, and regasification terminals are critical to
meeting this goal. Investment in these facilities is further supported by
rising industrial demand, especially in sectors such as power generation,
petrochemicals, and fertilizers, all of which require stable and reliable
access to natural gas.
The rapid expansion of LNG
regasification facilities is also complemented by the development of city gas
distribution networks, which are enabling LNG to be distributed more
efficiently to urban and rural areas alike. Furthermore, India’s growing
interest in LNG as a cleaner alternative for heavy-duty vehicles, particularly
trucks and buses, is further spurring the demand for LNG regasification. The
increasing adoption of LNG as a marine fuel is also creating additional
opportunities for the growth of regasification capacity, particularly along key
shipping routes.
As India progresses in its energy
transition, regasification facilities will remain a crucial pillar of the
country’s LNG infrastructure. They play a vital role in meeting the energy
needs of the nation while supporting the government’s long-term goals of
sustainability and environmental responsibility.
Key market players in the India LNG market
are: -
- Petronet LNG Limited
- GAIL(India) Limited
- Royal Dutch Shell plc
- Adani Ports and Special Economic Zone
Limited
- Indian Oil Corporation Limited
- H-Energy Private Limited
- Total S.A.
- GSPC LNG Limited
- Bharat Petroleum Corporation Limited.
- Essar Ports Ltd
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“The India LNG market presents
significant opportunities driven by the country’s ambitious energy
transformation goals and expanding infrastructure. As India strives to increase
the share of natural gas in its energy mix, the growing demand for LNG across
industrial, transportation, and residential sectors creates substantial market
potential. One of the most promising opportunities is in the transportation
sector, where LNG is being explored as a cleaner alternative to diesel for
commercial vehicles, especially trucks and buses. The expansion of LNG fueling
stations, particularly in metro cities and along highways, will enhance
adoption. Additionally, India’s government plans to develop several new LNG
terminals and regasification facilities, providing a solid foundation for LNG
import and distribution across the country. With the rising demand for
electricity, especially from gas-based power plants, the LNG market also
benefits from growing investments in power generation infrastructure. The use
of LNG for fertilizer production, which is a major sector in India, is another
opportunity, given its role as a feedstock in ammonia production. Furthermore,
initiatives such as the development of floating LNG terminals and expansion of
city gas distribution (CGD) networks to rural areas will create new avenues for
growth. This infrastructure expansion, coupled with an increasing focus on
environmental sustainability, positions LNG as a key energy source in India’s
future energy landscape.Top of Form”
said Mr. Karan Chechi, Research Director of TechSci Research, a research-based Global
management consulting firm.
“India LNG Market Segmented By LNG Infrastructure (LNG Liquefaction Plants,
LNG Regasification Facilities, and LNG Shipping), By Application (City Gas
Distribution, Petrochemicals, and other applications), By Region, Competition,
Forecast and Opportunities, 2020-2030F,”
has evaluated the future growth potential of India LNG Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in India LNG Market.
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