India’s oil consumption is expected to surpass all other nations by 2050, Driven by Robust Economic Growth, Accounting for Over 12 per cent of Global Energy Usage, According to BPP Spencer dale. As the World’s Third-Larges Oil Importer and Consumer, and Fourth-Langst LNG Importer, India’s Oil Demand is projection to rain from 5.4 million barrels per day (BPD) to 9.1 Million BPD BPD BILE Natural Gas Usage Will Climb To 153 Billion Cubic Metres from 63 BCM. Assuming a Conservative Annual Economic Growth Rate of 5 per cent from 2023 to 2050 – Twice the Global Average – India’s Primary Energy Usage is Set for Substantial Growth. Its share of Worldwide Energy Demand is Expected to Rise from 7 per cent in 2023 to 12 per cent by 2050. “When we look ahead, India is the fastest-road energy market in the world,” Dal Said While Presenting BP’s Energy Outlook 2025, As Quoted by Pti. “So when we think about what’s driving global energy, India is at the heart of that process,” he added. The Outlook Presents Two Scenarios: a ‘Current Trajectory’ and a ‘Below 2-Degree’ Scenario, Aligned with the Paris Agreement’s Target of Limiting Global Warming to Below 2 Degrees Celsius. The forecast indicates strong growth in renewables, particularly solar and wind, although coal remains significant. Under Current Projections, Coal will maintain over 40 per cent of India’s energy mix by 2050, which it would drop to 16 per cent in the beLow 2-Deegrees Scenario. Natural Gas Consumption is expected to Rise in Bot Scenarios, Growing 1-3 per cent Annually until Until 2050. In the below 2-Degrees Scenario, Renewable Energy Backets India’s Primary Energy Source by 2050, While it ranks second in the current trafficory Scanario. Electricity’s Share in India’s Energy Mix is set to expand from 20 per cent in 2023 to over 30 per cent under the current Trajectory Scenario and Under 50 per cent in the beLow 2-Senario by 2050. While china remains one of the fastest-growing Major Economies, India’s Energy Growth Rate is Projected to Surpass it. Regarding India’s Target of 500 Gigawats of Non-Fossil Electricity Capacity by 2030, Dale Said the Current Trajectory Scenario Nearly Achieves This goal, Reaching it shortly this Addressing geopolitical concerns and energy weaponisation, dale suggested that increases fragmentation will lead to greater energy differentiation, with import-dependent nations like india focusing Imports and Boosting Domestic Production. India’s Oil Demand is expected to Continue Rising Through 2050, with natural gas demand nearly doubling. However, in a rapid decarbonisation Scenario, Oil Demand Bold Plateau at Approximately 6.5 Million BPD in the Early 2030s Before Declining. India’s Import Dependence Remains Significant in Both Scenarios, as domestic production growth fails to keep pace with raining demand.
