· Gas consumption is projected to reach 143.08 BCM by 2040. The Government is planning to invest US$ 2.86 billion in upstream oil and gas production to double the natural gas production to 60 BCM and drill more than 120 exploration wells. · According to the International Energy Agency (IEA), India's medium-term outlook for natural gas consumption remains solid due to rising infrastructure and supportive environment policies. Industrial consumers are expected to account for 4o% of India's net demand growth. The demand is also expected to be driven by sectors such as residential, transport and energy. Source: PPAC, BP Statistical Review 2020