, India
136 views
Photo from Pixabay

India could save $29b through shift to biogas

A greater leverage of biogas in the region can save $29b in import bills.

India can invest more in the transition from liquefied natural gas (LNG) to biogas energy as a cost-saving measure, reducing around $29b from import bills from from fiscal year 2025 to 2030. 

According to a report by the Institute of Energy Economics and Financial Analysis (IEEFA), a cut from LNG will also give leeway for other solution-based policies to handle India’s waste management, reduction of greenhouse gases, and reliance on renewable energy.

ALSO READ: Indian solar PV exports to keep rising but will decline by 2027

“By undertaking the right production processes and plugging methane leakages in the production, upgradation and supply stages, biogas can offer India a cleaner alternative to its dependence on imported natural gas,” Purva Jain, Energy Analyst of IEEFA, said.

However, such solutions will be attainable when the switch from compressed natural gas (CNG) to compressed biogas (CBG), as well as biomethane, cumulatively hits 20%.

Currently, with the Indian government promoting biogas and placing a mandate on natural gas marketing companies for 5% CBG appropriation, it will give a boost to the biogas market.

However, the market will require a formulation of policies and funding, and a shift in the market ecosystem to reach prominence in India’s energy sector.

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Why Singapore could be the ‘tipping point’ for ASEAN renewable and grid development
Heavily reliant on gas, the country is still on track for its 2035 net-zero target, but could be more ambitious to hit its 2050 goal by 2045.
Power Utility
Will the government pay for coal power exit in Vietnam?
The country’s coal power phase-out strategy sees renewables accounting for 67.7%–71.5% of the energy mix by 2050.