Indian LNG imports to hit 150 mln tons by 2030 -Petronet LNG CEO (updated)

Petronet LNG

07/02/2024 10:47

(Adds comments from Petronet LNG CEO, details and background
throughout)
    By Sudarshan Varadhan
       QUITOL, India, Feb 7 (Reuters) - Indian liquefied
natural gas (LNG) imports are forecast to jump to 150 million
metric tons per year (tpy) by 2030 and the country will need the
equivalent re-gasification capacity to achieve its targets,
Petronet LNG's CEO said on Wednesday. 
    The expected imports compare to current levels of 22 million
tpy, Akshay Kumar Singh said at the India Energy Week in Goa.
    India aims to raise the share of natural gas in its energy
mix to 15% by 2030, up from 6.2% currently, as part of efforts
to cut planet-warming emissions.
    Singh added that India's consumption of natural gas stands
at 150 million standard cubic metres per day (mmscmd), of which
45% is imported. 
    LSEG data shows the South Asian nation imported 20.8 million
metric tpy of LNG last year. 

 (Reporting by Sudarshan Varadhan; Writing by Emily Chow;
Editing by Jason Neely, Alexander Smith and Emelia
Sithole-Matarise)
 ((emily.chow@thomsonreuters.com; Reuters Messaging:
emily.chow.thomsonreuters.com@reuters.net))