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India to account for over 12% of global energy demand by 2050
Financial Express Hyderabad
|October 07, 2025
Raising domestic output vital for the country
INDIA'S OIL DEMAND is expected to grow more than any other nation and will account for over 12% of the world’s energy demand by 2050, up from 7% in 2023, bp’s chief economist Spencer Dale said on Monday while presenting the bp energy outlook for 2025.
Dale projects the country’s oil demand to grow to 9.1 million barrels per day by 2050 from 5.4 mbd in 2023 and that of natural gas to more than double to 153 billion cubic meters from 63 bcm in 2023. Industrial demand for gas is the key growth driver, he noted.
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