Report Summary Examining Opportunities and future business potential for value chain players in India
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As India reeling under the pressure to reduce carbon emission levels, Country announced to double the share of natural gas in energy mix to 15% by 2022 which will witness hike in imports and huge capital investments inflow for construction of LNG terminals in coming years
The energy transformation is the key to diversification in energy supply, affordable and reliable energy access and, most importantly, energy security. India is on the path of energy transformation that is likely to solve the issues of accessibility of energy and related environmental issues. With this mind-set, India has planned to provide the thrust to improve the consumption of Natural Gas. As India already reeling under weight of growing consumption of Crude Oil and Coal and their associated pollution levels, India proposed to maintain the balance in energy consumption pattern with the help of doubling the percentage of natural gas to 15% in energy mix by 2022. Historically, India’s natural gas consumption pattern has been on upward trend since last 6-7 years. With limited natural gas reserves in India, the imports of natural gas which stood at 12.89 BCM in FY 11 has increased by more than two times to 26.33 BCM in FY 18 despite having less number of LNG terminals.
Report reflect a convincingly positive outlook for natural gas utilization in the country for future growth as gas economy between now and 2022. Interestingly, local distribution companies (LDCs) and interstate and intrastate pipelines appear to be more confident in future growth, but oil and gas producers are surprisingly not far behind. But what’s feeding the optimism in the industry participants was required to be determined which the dossier encompasses beautifully to join all the dots for the stake holders in gas business of the country. India, in particular, is poised to capitalize on low oil prices to embark on new projects. Petrochemical sector developers are assessing the feasibility of new fertilizer and sulphur recovery plants. These downstream projects could result in high returns when the market rebounds, making them easily bankable to investors. The report is packed with in depth analysis over the utilization of natural gas in India till 2022 and the balance with LNG in terms of industrial demand is also carved out in particular to the consuming sectors. The dossier also encapsulates the CGD network outlook in the country with a focus on pipeline infrastructure to meet the demands of all the sectors like domestic , commercial, industrial and transport sector in the country.
BUSINESS CASE FOR LNG IN INDIA
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