The Gas India Expo (GIE) 2024 commenced today at the India Expo Centre in Greater Noida and will be held till 6th of July 2024.The inaugural ceremony was graced by Shri Sandeep Jain, Executive Director – Gas, Indian Oil Corporation Ltd. This premier event showcases the latest innovative technologies, products, and services from the global gas and allied industries, offering a unique platform for the gas community to unite, foster partnerships, and engage in business development and networking.
Gas India Expo 2024 provides exhibitors with a high-quality international trading platform to expand businesses, engage in technology exchange, showcase new products, and find cooperative partners. The event also facilitates interactions between key buyers and sellers, knowledge sharing, and shaping the future of the natural gas industry.
As India’s demand for energy continues to grow at a rapid pace, the country remains the third-largest consumer of energy and oil in the world. The gas sector, being one of the eight core industries in India, plays a crucial role in the nation’s economic growth. With India’s demand for gas expected to nearly double by 2030 to reach 115 BCM and projected to rise to 170 BCM by 2050, the significance of such an expo cannot be overstated.
India’s natural gas consumption is forecasted to escalate at a CAGR of 12.2 percent, reaching 550 MCMPD by 2030 from 174 MCMPD in 2021. The International Energy Agency (IEA) predicts that India’s natural gas consumption will increase by 25 BCM, registering an average annual growth of 9 percent until 2024. The country’s industrial gases market is also set to expand rapidly in the coming years.
GIE 2024 is expected to provide sellers with the opportunity to showcase and buyers to source new products, solutions, technologies, and equipment. It also aims to strengthen and build relationships within the entire energy value chain, including Natural and Industrial Gas, LNG, PNG, hydrogen, low-carbon solutions, and allied industries.
