Report

Transforming India to a Gas Based Economy

The use of natural gas is not a new concept for the Indian economy but also not fully commercialized. Natural gas or primarily methane is a green fuel in comparison to the other existing fuels like petrol, diesel and kerosene. Its use is widely spread across the Indian energy sectors like Power, Fertilizer, industrial, domestic and transportation including others. In strive to become a gas based economy, Indian government has been continuously determined to bring in reforms in the existing structure. Also, the slow-paced growth of this green fuel has augmented in the past few years.

The motive, of driving the nation’s economy for being gas based, shall be accomplished by

  • exploring more number of prospects for increasing domestic gas production,
  • setting up the adequate infrastructure required for receiving and transmission of natural gas across the country
  • meeting the gas’ demands by importing in the form of LNG.

The government should also widen the markets for natural gas utilization for industries like power and fertilizer, which would likely boost up the initiative towards its vision. Recently the marginal fields have been revived along with the introduction of HELP (Hydrocarbon Exploration and Licensing Policy), which is expected to attract more foreign investments in the sector. In addition, government also provided a capital grant of approx Rs. 5176 crore to GAIL to further expand Jagdishpur-haldia-Bokaro-Dhamra Gas pipeline, likely to increase the penetration rate of natural gas in the country’s north eastern regions pipeline. However, the development of required infrastructure for a sustainable gas based economy, is a major concern for the government at present.

Currently natural gas holds 7% share in the Indian primary energy mix. With the increased pace in infrastructure development of the natural gas pipelines, along with the augmented gas imports and enhanced domestic gas production is expected to project 15% share of natural gas in the primary energy mix by 2025. However, the dependency on crude oil and its products has not been decreased since 2014. In addition, natural gas will face a stiff competition in its acceptability with rising reliability on renewable energy sources.

This report shall provide:

  • Current scenario of natural gas in India
  • Existing and upcoming infrastructure of pipeline connectivity within the nation as well across nations
  • Future outlook for utilization of different forms of natural gas and its adaptability and acceptability amongst the citizens
  • Key business opportunities and benefits

Key Benefits to stakeholders:

  • An insight into the current trend of the market
  • A detailed and comprehensive understanding and comparison of natural gas with other fuels
  • To help industry consultants and companies venture into the new market opportunities
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