India’s natural gas demand may grow 4%: International Energy Agency

India’s natural gas demand is set to increase by 4% in 2023 and is projected to grow by an average annual rate of 8% until 2026, driven primarily by the power, petrochemical, and fertilizer sectors, according to the International Energy Agency. This growth contrasts with the global trend, where gas demand is expected to slow to 1.6% annually between 2022 and 2026, compared to a 2.5% annual increase from 2017 to 2021.