India's Energy Demand to Outpace US by 2040s, China by 2060s: Shell Report

• India's energy demand is projected to significantly expand, surpassing the US in the 2040s and China in the 2060s, according to Shell India's new scenarios sketch.
• The share of fossil fuels in India's energy mix is expected to peak this decade, but absolute consumption could still rise as overall energy demand potentially doubles.
• The report, 'India's energy transition in a security-focused age,' outlines three possible futures (Archipelagos, Surge, Horizon) influenced by geopolitics, digitalization, and climate imperatives.
• Solar and wind energy, currently over 20% of electricity consumption, are projected to account for 59% or more of electricity generation by 2050 across all scenarios.
• Natural gas and LNG are anticipated to play a key transitional role, with demand rising by 50% or more in the next decade to support grid reliability and industrial growth.