Try GOLD - Free
Soaring Energy Demand Tied to Geopolitics
The New Indian Express Mangaluru
|August 14, 2025
INDIA'S oil and gas sector stands at a critical crossroads as soaring demand intensifies its dependence on imports, even as domestic production continues its steady decline.
According to Rubix Industry Insights' Oil & Gas, July 2025 report, India's energy appetite is poised to climb sharply—from 5.64 million barrels per day (bpd) in 2024 to 6.66 million bpd by 2030. That's a staggering one-third of the projected global demand growth over the period. But this growth is unfolding alongside shrinking domestic production, projected to fall from 700,000 bpd in 2023 to just 540,000 bpd by the end of the decade.
The upstream segment reveals troubling trends. Crude oil production dropped from 32.2 million metric tonnes (MMT) in FY2020 to 28.7 MMT in FY2025, driven largely by the ageing of India's oilfields and insufficient new discoveries.
This story is from the August 14, 2025 edition of The New Indian Express Mangaluru.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Mangaluru
The New Indian Express Mangaluru
HINDENBURG ROW Sebi gives clean chit to Adani
MARKETS watchdog Sebi on Thursday dismissed all charges levelled by the now-shuttered US-based short-seller Hindenburg Research against the Adani group, its founder Gautam Adani, his brother, and a few top executives including group CFO Jugeshinder Singh.
1 min
September 19, 2025
The New Indian Express Mangaluru
Fresh Rahul-CEC sparring on 'vote theft' in Karnataka
IN yet another exposé on 'vote theft', Congress leader Rahul Gandhi on Thursday claimed large-scale irregularities in Karnataka’s Aland constituency, accusing Chief Election Commissioner (CEC) Gyanesh Kumar of 'protecting those murdering democracy'.
1 mins
September 19, 2025
The New Indian Express Mangaluru
Pak flip-flop delays match
THE Asia Cup continues to deliver drama.
1 min
September 18, 2025
The New Indian Express Mangaluru
Guv returns amendment bill on lakes
IN a setback to the state government, Governor Thaawarchand Gehlot has returned the Karna-taka Tank Conservation and Development Authority (Amendment) Bill, 2025, objecting to the government’s proposal to reduce the buffer zone around lakes from the existing 30 metre to between 3 and 24 metre, depending on the lake’s size.
1 min
September 16, 2025
The New Indian Express Mangaluru
Pak threatens to pull out of Asia Cup if match referee not removed
A day after India refused to shake hands with Pakistan after recording a comprehensive win in the Asia Cup match, the issue has snowballed into a major controversy.
1 min
September 16, 2025
The New Indian Express Mangaluru
SC stays a few provisions of Waqf Amendment Act
Abolition of ‘waaqf by user’ prima facie not arbitrary: Interim order
1 mins
September 16, 2025
The New Indian Express Mangaluru
Karnataka HC junks 3 PILs against Banu inaugurating Dasara festivities
“WE are not persuaded to accept arguments that an invitation to aperson of a different faith violates constitutional or legal right,” the High Court of Karnataka said on Monday while dismissing three public interest litigations (PILs) against the state government's invitation to writer Banu Mushtaq, winner of 2025 Booker Prize, to inaugurate Mysuru Dasara festivities on September 22.
1 min
September 16, 2025
The New Indian Express Mangaluru
Guy returns amendment bill on lakes
IN a setback to the state government, Governor Thaawarchand Gehlot has returned the Karnataka Tank Conservation and Development Authority (Amendment) Bill, 2025, objecting to the government’s proposal to reduce the buffer zone around lakes from the existing 30 metre to between 3 and 24 metre, depending on the lake’s size.
1 min
September 16, 2025
The New Indian Express Mangaluru
US team arrives for trade talks today
US TikTok deal done, Trump-Xi talks on Friday
1 mins
September 16, 2025
The New Indian Express Mangaluru
Jungle warfare school to come up in Red corridor
The government has decided to set up a 'jungle warfare school' at Karreguta Hills in Chhattisgarh's Bijapur district—once a stronghold of Maoists—to give specialized training to the Central Reserve Police Force, Chhattisgarh Police, District Reserve Guard, Commando Battalion for Resolute Action, and other security forces.
1 min
September 15, 2025
Listen
Translate
Change font size