India's natural gas demand rose by 6pc on the year to 64bn m³ in 2023, leading to a rise in domestic gas output and imports to reflect the government's aim of making the country a gas-based economy. LNG imports rose by 7pc on the year to 29bn m³ last year, with India's import dependency at 44pc of its natural gas consumption, preliminary oil ministry data show. Production also rose by 6pc on the year to 35bn m³. Rising power demand fuelled India's LNG imports. Power companies imported 2.32bn m³ of LNG in 2023, making up around 9pc of total imports and up by 76pc on the year, oil ministry data show. Domestic gas ... (full story)