November 09, 2022 16:02 GMT
India’s Coal Demand Yet To Peak
Coal plays still a significant role in the country’s energy mix and demand is yet to peak, as the country struggled at the same time to secure long-term LNG contracts.
- “Coal demand in the country is yet to peak and will continue to play an important role in the energy mix till 2040 and beyond”, said Union coal minister Pralhad Joshi said at a parliamentary consultative committee meeting.
- “Coal accounts for more than 51% of country’s primary energy requirement and around 73% of power generation”, he added.
- India’s dependence on coal-fired generation, could be caused by high gas import prices and India’s difficulty to secure long-term LNG contracts to replace supply from Gazprom.
- In October, India’s Gail has signed an agreement with the ADNOC to expedite talks on short- and long-term sales agreements. India has also had talks with Angola and Algeria to produce LNG on long-term contracts, according to Bloomberg.