India energy report

• The country has an ambitious target of 500 GW of non-fossil fuel capacity in 2030.
• It pledges to reach carbon-neutrality by 2070.
• Fossil fuel production is dominated by state-owned companies CIL for coal and ONGC for gas and oil.
• Power generation is shared between national public utilities (around 40%), and State utilities and private companies (around 30% each).
• Coal and lignite production reached its highest level in 2021: it supplies almost 3/4 of the power production.
• The renewable capacity (excluding large hydro) overtook 100 GW in 2021.
• Gas prices more than tripled between end of 2021 and end of 2022.
• Energy consumption rebounded by 9% in 2021.
• Three-fourths of the consumption is still met by fossil fuels, of which 46% for coal.
• The solar capacity is expected to reach 333 GW, contributing to 23% of total power generation in 2031.

• 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.

• GENERAL OVERVIEW
• INSTITUTIONS AND ENERGY POLICY
• ENERGY SUPPLY
• ENERGY PRICES
• ENERGY CONSUMPTION
• ISSUES AND PROSPECTS
• DATA TABLES
• ABBREVIATIONS
• GLOSSARY

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Below is a list of the India energy market report graphs:

• GRAPH 1: CO₂-energy emissions (MtCO₂)
• GRAPH 2: Installed electric capacity by source (2021, %)
• GRAPH 3: Gross power production by source (TWh)
• GRAPH 4: Power generation by source (2021, %)
• GRAPH 5: Gasoline & diesel prices (US$/l)
• GRAPH 6: Electricity prices for industry and households (US$c/kWh)
• GRAPH 7: Gas prices for industry (US$c/kWh GCV)
• GRAPH 8: Consumption trends by energy source (Mtoe)
• GRAPH 9: Total consumption market share by energy (2021, %)
• GRAPH 10: Final consumption market share by sector (2021, %)
• GRAPH 11: Oil consumption (Mt)
• GRAPH 12: Oil consumption breakdown by sector (2021, %)
• GRAPH 13: Electricity consumption (TWh)
• GRAPH 14: Electricity consumption breakdown by sector (2021,%)
• GRAPH 15: Natural gas consumption (bcm)
• GRAPH 16: Gas consumption breakdown by sector (2021, %)
• GRAPH 17: Coal consumption (Mt)
• GRAPH 18: Coal consumption breakdown by sector (2021, %)

In the India energy market report you will find the following tables:

• Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO₂ emissions.
• Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
• Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
• Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
• Infrastructure Projects: Covers power plant projects by energy, technology, status and operator, gas plant projects by status and operator and LNG contracts.

The India country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.

Data included in the excelsheet:

• Demand: Primary energy consumption, final energy consumption, by fuel, by sector.
• Power: Electricity generation & capacities, by technology.
• CO₂: Total CO₂ emissions.
• Macro-economy: Main macro-economic assumptions.
• Key indicators: Energy intensity, share of renewables, CO₂ emissions per capita and per unit of GDP.