India energy report

• The country has an ambitious target of 450 GW of solar and wind in 2030.
• It pledges to reach carbon-neutrality by 2070.
• State-owned companies are still large players, such as ONGC, which provided 93% of gas production in 2020, and NTPC for power generation.
• Natural gas and oil production fell sharply in 2020, by 15% and 5%, respectively.
• The renewable capacity (excluding large hydro) surpassed 100 GW mid-2021.
• Gas prices have increased by more than 60% at the end of 2021.
• Energy consumption fell by almost 6% in 2020, with three-fourths of the consumption still met by fossil fuels.
• Solar will be the main driver to reach the renewable target in 2030, with more than 50 GW planned.

• 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 fell by 12% in 2020 to 27 bcm, after five years of stable production at around 31 bcm. It soared in 2010 to 51 bcm following the start-up of the Krishna Godavari Field (KG-D6). Due to resource depletion, production dropped and ended in 2018. In 2020, ONGC began to produce gas from the KG-DWN98/2 block (Cluster 2 project) in the Bay of Bengal.

• Energy Prices

  Electricity:

  In 2020, prices declined by 13% to US$11c/kWh for industry and by 7.3% to US$6.3c/kWh for households, getting closer to the regional average. Between 2016 and 2019, these prices increased by 25% for industry and by 11% for households.

• Energy Consumption

  Total energy consumption per capita remains around 0.6 toe (2020), half the Asian average. Electricity consumption per capita reached 940 kWh in 2020, about a third of the Asian average.

  Due to the Covid-19 crisis, total energy consumption fell by 5.6% in 2020 to 885 Mtoe, after increasing rapidly over 2010-2019(4%/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 (2020, %)
• GRAPH 3: Gross power production by source (TWh)
• GRAPH 4: Power generation by source (2020, %)
• 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 (2020, %)
• GRAPH 10: Final consumption market share by sector (2020, %)
• GRAPH 11: Oil consumption (Mt)
• GRAPH 12: Oil consumption breakdown by sector (2020, %)
• GRAPH 13: Electricity consumption (TWh)
• GRAPH 14: Electricity consumption breakdown by sector (2020,%)
• GRAPH 15: Natural gas consumption (bcm)
• GRAPH 16: Gas consumption breakdown by sector (2020, %)
• GRAPH 17: Coal consumption (Mt)
• GRAPH 18: Coal consumption breakdown by sector (2020, %)

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.