With the massive rate of urbanisation across the world, the demand for energy has grown manifold in the past few decades and continues to do so. This has not only increased the pressure on the Government and industry leaders to explore newer energy sources but has also opened up huge investment opportunities in this sector.
According to a report by CII and KPMG, India’s energy sector would provide investment avenues worth US$ 120-150 billion over the next five years. India’s energy demand is estimated to increase five fold over the next twenty five years.
Another report by KPMG estimates India’s oil demand to grow at an average annual rate of 3.6 per cent from 119 metric million tonne (mmt) in 2004 to 196 mmt in 2011-12 and 250 mmt in 2024-25. India is the fifth largest energy consumer in the world with about 45 per cent of its requirement being fulfilled by the domestic oil and gas industry.
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