Outlined in the report, a growth opportunity exists in liquefied natural gas (LNG), with imports reaching 482 billion cubic metres in 2019, up 13 per cent from 2018.
IGU expects figures to fall by around 4.2 per cent in 2020, but it could rebound quickly to previous levels as soon as 2021, depending on the persistence and longevity of the pandemic.
“Ample natural gas resources exist to support demand growth, but greater gas infrastructure development is needed to support growth in the medium term. India is planning to almost double the length of its gas transmission grid, while China will grow its gas network about 60 per cent by 2025,” the report stated.
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