Noida, Uttar Pradesh India (PressExposure) June 20, 2011 -- According to our new research report "Indian Natural Gas Sector Analysis", India is the sixth largest consumer of energy in the world. The demand for natural gas has been growing at a phenomenal rate for the last ten years. Indian gas assets have not received much attention till few years back, but escalating oil bills and environmental need for green fuels have created a necessity for the country to explore its vast gas potential. Moreover, the government's initiatives to boost the sector have further helped it to reach new heights. The NELP policy opened up exploration & production to private and foreign companies and proved decisive in both upstream and downstream oil & gas segments.
Further, our report reveals that, the need for a clean fuel and, reducing dependency on oil and diversification of energy mix has resulted in the soaring gas demand in India. We anticipate that, the gas demand will almost double by the end of the decade and LNG will have to supply majority of that incremental demand. Therefore, we expect that the LNG imports will grow at a CAGR of around 9% during FY 2011to FY 2013, crossing 11 Million Metric Tons mark by FY 2013. Maximum of the supply is likely to come from top LNG exporters, such as Qatar, and Australia, where capacity is undergoing rapid expansion.
As per our study, despite intense pressure on oil and marketing companies, Liquefied Petroleum Gas (LPG) and Compressed Natural Gas (CNG) are also positioning themselves as a future fuel option for both industrial and non-industrial sectors in the domestic market. The numbers of LPG customers have been growing at an exponential growth rate for the past few years. Such a growth in LPG demand will exert more pressure on its domestic production and imports.
Our report "Indian Natural Gas Sector Analysis" provides qualitative as well as quantitative 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 & development, etc. to facilitate deeper market understanding. Besides, the report has identified key players in the industry and includes their detail business description, recent activities, and strengths & weaknesses.
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