Engineering & Infrastructure Projects Presentation
Global Oil Outlook & Refining Capacity Outlook India
(EIL)
Globally Oil demand increased above its pre-COVID-19 level, continued investment in new upstream oil
and gas is foreseen over next 30 years.
Growth in liquefied natural gas plays a central role in increasing emerging markets' access to natural gas.
Oil demand in India is projected to register a 2x growth to reach 11 million barrels per day by 2045
NG and Renewable share in Energy Mix to Rise to 15% by 2030. Low-carbon hydrogen
opportunities rise as the energy system progressively decarbonizes.
Diesel demand in India is expected to double to 163 MT by 2029-30, with diesel and gasoline covering 58%
of India's oil demand by 2045.
Consumption of natural gas in India is expected to grow by 25 billion cubic metres (bcm), registering an
average annual growth of 9% until 2024.
Delivering Excellence through People
Source: BP Outlook, IBEF 2022
41View entire presentation