AugmentingValue Market Trends, Highlights & Outlook Key MarketSignposts Address businesschallenges
Market Report

Natural Gas Market in India Monitor H1 2020

logo red Fact Factor

Report Summary The already-depressed natural gas prices tumbled to a four-year low recently due to weak demand forecast. The rapid spread of deadly coronavirus out of China has raised concerns over the global economic slowdown denting the LNG demand. 

Natural Gas Market in India Monitor H1 2020


Share Report


License Type

In addition to single user license


  • About

    Amidst COVID 2019 pandemic, Natural gas prices in India are cut by a steep 25% beginning April, in line with the slump in global rates leading to INR 3000 crores revenue hit for giant ONGC

    Stalling of manufacturing industry during the lockdown has put the economy on hold due to rise of pandemic COVID-19 in the country. Consequently, the demand for natural gas has fallen down and is expected to fall by 15-20% in Q2 2020. This shall lead to steep fall in the price of domestic natural gas price due to fall in demand. Statistically, the domestic natural gas prices fell by 50% from USD 3.36 per MMBTU to USD 2.39 per MMBTU April 2020 onwards. Hence, State-owned Oil and Natural Gas Corp (ONGC) will lose about INR 3,000 crore in revenue and start loosing out the working capital in next quarter. However, In early 2020, there were many bullish signs coming out of India. In January, the Government authorized $774 million to support a gas pipeline project in the northeast, anew LNG pipeline commissioned in Gujarat and another planned import facility, a floating storage unit, received a boost. At a time when demand in China was weakening due to COVID-19, there was a real sense that Indian buyers could step up and fill the void.

  • TOC
  • USPs
  • Key Highlights
  • Report Insights
  • Must Buy For
  • Companies Mentioned

BEST VISION IS INSIGHT

Combine market knowledge and your skill to contribute value for end consumers

electirc-vehicle-adaption-01.jpg

Electric Vehicles Adaptation Target in the Southeast Asian Nations

Read more  →
arr-power-sales-od-01.jpg

Discom wise Projected Power Sales & Annual Revenue Requirement in Odisha for FY 2024-25

Read more  →
arr-power-sales-mp-01.jpg

Discom wise Estimated Power Sales & Annual Revenue Requirement in Madhya Pradesh for FY 2023-24

Read more  →

Get started with
EI Market personalised demo

Complete the form to get in touch with our sales team to see our Visionboard platform in action. We'll show you how you can use eninrac to build a culture of action of consistently hunting down and eliminating poor market research expriences across your companies line of business

power by why
REQUEST DEMO
By providing this information, you grant consent that we may process your personal data in accordance with our Privacy Statement.
By submitting this form, you grant consent to receive marketing information from eninrac as set out in our Terms of Service & Privacy Statement. You may unsubscribe at any time.