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Bullboard - Stock Discussion Forum Birchcliff Energy Ltd T.BIR

Alternate Symbol(s):  BIREF

Birchcliff Energy Ltd. is a Canada-based intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of oil and gas reserves in Western Canada. The Company’s operations are focused on the Montney/Doig Resource Play in Alberta. Its operations are concentrated in the Peace River Arch area of Alberta. The Company has a 100... see more

TSX:BIR - Post Discussion

Birchcliff Energy Ltd > India's Nat Gas to triple
View:
Post by barneyj44 on Feb 14, 2024 8:18pm

India's Nat Gas to triple

India’s Natural Gas Consumption Set To Triple by 2050
By Charles Kennedy - Feb 14, 2024, 4:30 PM CST
India's industry expansion and rising oil refining to meet higher fuel demand are set to drive a tripling of the country's natural gas consumption by 2050, the U.S. Energy Information Administration (EIA) said on Wednesday.
 
In 2022, India's natural gas consumption amounted to 7.0 billion cubic feet per day (Bcf/d), with over 70% of the demand coming from the industrial sector. By 2050, India's natural gas consumption is set to more than triple to 23.2 Bcf/d, according to EIA's estimates.  
 
 
Among India's five consuming sectors, the industrial sector's share of gas consumption will grow the most, rising to 80% of total consumption, followed by the transportation sector rising to 10%.  
 
India's gas consumption in oil refining is expected to grow significantly to keep up with India's domestic demand for oil products, the EIA notes. By 2050, gas consumption will surge by more than 250% for the production of basic chemicals and by more than 400% for refining, with the two industries together accounting for about 79% of India's industrial natural gas demand in 2050.
 
Comment by 2young2invest on Feb 14, 2024 10:05pm
BIR will bankrupt 10 times before 2050, you are one funny bagholder.
Comment by barneyj44 on Feb 15, 2024 8:48am
Listen Numbnuts Birchcliff isn't going bankrupt anytime soon.
Comment by kavern23 on Feb 15, 2024 12:55am
Qatar is positioned to get lots of India growth..distance factor USA faces
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