Natural Gas Price Forecast 2024 In India. Between 2022 and 2050, we project that natural gas consumption will grow by more than 250% for the production of basic chemicals and by more than 400% for refining. Natural gas demand in india is projected to increase by 7% in 2024, primarily due to heightened usage in the industrial and fertilizer sectors.
India has recently updated its domestic natural gas prices for january 2024, aiming for transparency and flexibility in the energy pricing framework. Natural gas demand in india is expected to increase by 6 per cent in 2024, mainly supported by higher gas use in industry (including in the fertiliser sector) and stronger gas.
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