LNG Market in India to Grow at 21% through 2025
Booming
demand from various end user sectors such as power, fertilizers, industrial and
city gas distribution to drive demand for LNG in India through 2025
According to TechSci Research
report, “India LNG Market Forecast &
Opportunities, 2025’’, demand for RLNG in India is forecast to increase at a
CAGR of 21.6% during 2016-2025, due to increasing LNG terminal projects and
cost-effectiveness of the fuel compared to other alternative fuels. Moreover,
lack of cross country pipeline for natural gas till 2018, makes LNG a
commercially viable fuel for various end user applications in India. Power
sector is the leading end user of natural gas in India and consumes nearly
one-third of the total natural gas produced in the country. Moreover,
government is increasing its focus on gas based power projects due to their
high efficiency, low gestation period, lower carbon emissions and requirement for
less water and land compared to other fuel based power plants. Various
other policies such as Gas Allocation Policy have been implemented to encourage
use of gas in different end user segments. Other policies that are expected to
have a positive impact on the country’s LNG market include E-bid RLNG that
would help smoothen supply of imported spot RLNG to power plants and fertilizer
industries.
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Tables and 29 Figures spread through 250 Pages and an
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Government is
increasing focus on expansion of gas pipeline infrastructure in the country. As
of 30th November 2015, India’s pipeline infrastructure was 16,065 km and an
additional 11,302 km of pipelines is under construction. In 2015, GAIL (India)
Limited accounted for a share of 68.95% in India’s total pipeline network,
followed by Gujarat State Petroleum Corporation Limited (GSPCL) with 14.66%
share, Reliance Gas Transportation Infrastructure Ltd (RGTIL) with 9.14%, Assam
Gas Company Limited (AGCL) with 6.23%, Indian Oil Corporation Limited (IOCL)
with 0.87% and ONGC with 0.15%.
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“Low domestic natural gas
production in the country and rising demand for natural gas from key end user
segments has widened demand-supply gap for natural gas in the country. However,
increasing focus on expansion of gas pipeline infrastructure in the country,
rising demand for natural gas from power and industrial sectors and favorable
government policies make LNG a commercially viable fuel for various end user
applications. As a result, LNG consumption in India is expected to exhibit an
upward trend over the next ten years.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“India LNG Market Forecast and Opportunities, 2025” has evaluated the LNG demand
outlook in India and provides statistics and information on market structure,
industry behavior and trends. The report includes market projections and demand
forecasting. The report is intended to provide cutting-edge market intelligence
and help decision makers take sound investment evaluation. Besides, the report
also identifies and analyzes emerging trends along with essential drivers,
challenges and opportunities available in LNG market in India.
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