 Demand projections of petroleum products and natural gas in IndiaJyoti Parikh, Pallav Purohit () and Pallavi Maitra Energy, 2007, vol. 32, issue 10, 1825-1837 Abstract: Indian economy has moved into a dynamic phase. It is necessary to see how energy demand will grow in this phase. In this paper, econometric models are developed for the various petroleum products separately with the aim of capturing variables that are specific to the individual fuel. This study projects the demand of fuels up to 2011–2012, end period for the 11th Five Year Plan, under two scenarios of annual gross domestic product (GDP) growth of 6% and 8%. The demand of petroleum products for the year 2011–2012 is estimated to be 147 and 162 million tons in the business as usual scenario of 6% and optimistic scenario of 8% GDP growth, respectively. Similarly, the demand of natural gas for the year 2011–2012 has been estimated to be 46 and 49 billion cubic meters for 6% and 8% growth, respectively. The projections suggest the level of preparedness that will be required from the oil and gas sector to enable India achieve the GDP growth target that it aims to. Keywords: Demand projections; Petroleum products and natural gas; Econometric models; 11th Five Year Plan (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:32:y:2007:i:10:p:1825-1837 DOI: 10.1016/j.energy.2007.02.008 Access Statistics for this article Energy is currently edited by Henrik Lund and Mark J. Kaiser More articles in Energy from Elsevier |
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