Page 51 - Catalysing Chemicals WIP (Version 2.0) FINAL ARTWORK.cdr

The Challenges

• Economic growth • India needs to draw a • Oil and natural gas, • India's proven
means increased sustainable plan to the major sources natural gas reserves
consumption of meet its increasing of energy in India, stand at 0.8% of
transportation, energy requirements, account for 36.5% the global reserves
electricity, cooking while ensuring share in India's primary while the country's
gas, textiles, equitable economic energy basket. consumption is
FMCG, agricultural growth. Reduced 1.5% of global gas
output, processed dependence • India's proven oil consumption. India
foods, on imports, enhanced reserves stand at therefore imports
pharmaceuticals, indigenous 0.3% of global nearly 40% of
healthcare production, improved reserves while its natural gas
services, shipping. yield from crude oil India's consumption consumed in the
The list is endless! and implementation stands at 4.5% form of LNG.
It also means of energy efficiency of global oil
increased Oil & mechanisms are consumption. India
Gas consumption. going to be key. thus imports 80% of
its oil consumption
requirement.

India imports
40%

of its LNG requirements

India's India imports
Energy Security
challenge 80%
of its oil consumption
requirement

Photo Credit : Dai-Ichi Karkaria

Chemistry Everywhere 47
In Pursuit of Sustainable Development