Government Initiatives Paves the Way for Positive Growth in Indian Natural Gas Sector

Noida, India (PressExposure) September 29, 2011 -- According to our recent market research report, "Indian Natural Gas Sector Analysis", Natural gas, previously recognized as just a by-product of crude oil production, has now gained substantial importance as a treasured source of energy in India and across the globe. In India, energy 'demand vs. supply' gap has increased the focus on developing all possible energy sources. The demand for natural gas has quickly augmented during the past decade and outpaced the supply. The government is initiating various reforms for utilizing existing oil and gas reserves effectively with an intention of reducing the country's import reliance.

Particularly, approval of "New Exploration Licensing Policy" (NELP) in 1997 opened exploration and production to private and foreign companies. The government also offered customized tax structure for upstream sector and non-resident service providers in relation to explorations and production operations. These initiatives resulted in rapid development of the sector and proved decisive in both upstream and downstream oil and gas segments. Our report has also discussed and evaluated these initiatives by the government that demonstrates the sector's promising future development.

Backed by huge investments in oil and natural gas sector by foreign players, our researchers analyzed that natural gas sector would see enormous growth in the coming years. The robust domestic demand from the long-term perspective, large pool of skilled manpower, government policies, bidding for oil, and gas blocks have all been playing an instrumental role in attracting FDI in this sector. FDI inflows have grown at a CAGR of around 60% during FY 2007-2011 in this sector.

Our report, "Indian Natural Gas Sector Analysis", is an outcome of widespread research and objective analysis of ongoing as well as future market trends for all the prominent market segments. The report provides exhaustive analysis on gas demand and supply, gas allocation, gas pricing, exploration and development, etc. to facilitate deeper market understanding. Besides, our report also provides information on key players in the country and includes their detailed business description comprising of five years financials, strengths and weaknesses, and their recent activities.

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Press Release Submitted On: September 29, 2011 at 2:02 am
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