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Gas demand in India by 2040: A modeling exercise
Mar 09: An independent modeling exercise was done on likely gas demand possibilities in the year 2040 using the Indian Energy Security Scenarios (IESS) model developed by NITI Aayog and the Work Energy Project Systems model developed by the IEA in the US
8Under one scenario, natural gas demand goes up from 50 BCM in 2015 to anywhere between 191-267 BCM by 2040
8The other alternative throws up a slightly different demand range
8There are a couple projections that also look at a demand of between 378-418 BCM but they are taken as outliers as the gas price assumed is just $8-9/mmbtu whereas the more realistic price is assumed to be $ 14-18/mmbtu
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