2nd
largest coal and lignite producer
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This analysis includes a comprehensive India energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2021 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Highlights
2nd
largest coal and lignite producer
24%
of CO2-free in power mix (2021)
88%
oil import dependence (2021)
Abstract
Institutions & Energy Policy
The management of the energy sector is split between several ministries: the Ministry of Power (MoP) for electricity and the coordination of energy conservation programmes; the Ministry of Petroleum and Natural Gas (MoPNG); the Ministry of Coal; and, finally, the Ministry of New and Renewable Energy (MNRE).
Energy Supply
Gas:
Natural gas production recovered its 2014 level of 33 bcm in 2021, after a 2.7%/year decline between 2014 and 2020.
In 2020, ONGC began to produce gas from the KG-DWN98/2 block (Cluster 2 project) in the Bay of Bengal. The US$5.1bn project is forecast to provide up to 17 mcm/d of gas (6.2 bcm/year). Production from the deepest well U1B started at the end of 2021.
Energy Prices
Oil:
In 2010, the Government liberalised the price of motor gasoline and it fully liberalised diesel prices in 2014, to end the costly diesel subsidies, which amounted to about 1.4% of GDP in FY2013. Since their liberalisation, diesel and gasoline prices now follow international prices.
Energy Consumption
Total energy consumption per capita remains around 0.7 toe (2021), half the Asian average. Electricity consumption per capita reached 920 kWh in 2021, about a third of the Asian average.
Total energy consumption increased by 9% in 2021 to 951 Mtoe, after a 5.9% drop in 2020. It had increased rapidly over 2010-2019 (3.7%/year).
Issues & Prospects
The energy sector is faced with several challenges: the level of oil production is low, while the consumption is rising sharply, leading to more imports. In both oil and gas sectors, sizeable investments are needed to increase energy production and improve infrastructure, especially for supporting larger imports.
Below is a list of the India energy market report graphs:
In the India energy market report you will find the following tables:
The India energy market data since 1990 and up to 2021 is included in the Excel file accompanying the India country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The India country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
Projections Data (Excel Sheet)
The India country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.
Data included in the excelsheet:
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