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Money News

FACTBOX - IEA's India energy outlook to 2030

REUTERS - The International Energy Agency forecasts in its World Energy Outlook that India will become the world’s third largest net oil importer before 2025.

The sun rises behind electric pylons in Ahmedabad, in this February 21, 2006 file photo. India's primary energy demand will more than double by 2030, growing an average 3.6 percent every year, due to a strong economic growth. REUTERS/Amit Dave

* India’s primary energy demand will more than double by 2030, growing an average 3.6 percent every year, due to a strong economic growth. Electricity generation will account for much of the increase.

* India will overtake Japan to become the world’s third largest net importer of oil before 2025 after the United States and China. Much of India’s incremental energy needs to 2030 will have to be imported.

* Net oil imports will rise to 6 million barrels per day in 2030.

* Electricity generation capacity, most of it coal fired, will more than treble from 2005 to 2030. Gross capacity additions will total 400 gigawatts, equal to Japan, South Korea and Australia combined generation capacity today.

* About 96 percent of the population will have access to electricity in 2030 from 62 percent in 2005.

* Coal will remain the most important fuel and its use will almost treble from 2005 to 2030.

* Coal imports will increase almost seven-fold, accounting for 28 percent of India’s total coal needs in 2030 from 12 percent in 2005.

* India’s gas production will peak between 2020 and 2030, then fall. A growing need will be met by imports of liquefied natural gas (LNG).

* India needs $1.25 trillion in energy infrastructure from 2006 to 2030. Three quarters will go to the electricity sector.

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