Thread by @drprashantmish6

World’s fastest-growing energy market
India is the 3rd largest energy and oil consumer in the world after China and the US.
India is the 4th largest importer of liquefied natural gas (LNG).

India consumed 213.2 MMT petroleum products and 60,747 MMSCM natural gas. The import dependency of crude oil and LNG during 2018 was 82.59% and 45.89% respectively

During 2018, petroleum import bill was $ 112 bn, a growth of 27% over $ 88 bn during 2017 - 18, and 23.42% of total gross import of the nation

. India’s projected oil demand is going to grow at CAGR of 4.2% during 2017 - 2040, though the projected oil demand will be much lower as compared to the US and China.

-230 billion-barrel O+OEG conventional hydrocarbons in over 3 mn sq.km area, spread over 26 sedimentary basins, is available for investors
India aims to reduce oil and gas imports dependence by 10% by 2022

The demand for petroleum products is estimated to reach 244.960 MT by 2021-22 at a CAGR of 10%
The total number of fuel retail outlets increased from 18,848 (2002) to 64,624 (2019) at a CAGR of 7.5%. State-owned marketing companies are planning to add 78,000 new fuel retail outle

Present share of natural gas in the energy mix of the country is 6%. The aim is to increase it to 15% by 2030
12 Biofuel refineries are planned to be opened with an investment of $1.5 bn

India is the 2nd largest consumer of Biogas with 5000 CBG plants to be opened by 2023 under the SATAT scheme
Ethanol blending in petrol will grow from 5% to 20% by 2030 in India( All data copy paste from investindia.gov.in)