– Liquefied Natural Gas (LNG) is natural gas cooled to liquid form for easier storage and transport. – LNG is cleaner than coal and oil, making it crucial for India’s energy transition.
Rising LNG Demand in India
– India’s LNG demand is expected to grow at a CAGR of 9% by 2030. – Key sectors: Power generation, transportation, and industrial manufacturing.
LNG Terminals and Infrastructure Growth
– New LNG terminals are being built to enhance import capacity. – Government initiatives to improve last-mile connectivity for LNG supply.
LNG’s Role in Renewable Energy Integration
– LNG provides a reliable backup for intermittent renewable sources like solar and wind. – Ensures grid stability during peak demand periods.
Investments and Future Opportunities
– Companies like Petronet LNG and GAIL are expanding their LNG projects. – Government policies promoting LNG adoption in transport and industry.