OPEC Sees India Energy Demand Surge

  Published 1 year ago

OPEC projects India’s primary energy demand to nearly double by 2050, with rising oil and gas share, falling coal use.

  • Energy demand to grow at 2.7% CAGR from 22 mboe/d in 2024 to 43.6 mboe/d by 2050.
  • Oil share to rise from 25.1% to 31% by 2050; coal share to drop significantly to 29.6%.
  • Natural gas share expected to more than double, reaching 11.6% of India’s total energy mix by 2050.
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