Noida, UP India (PressExposure) November 03, 2011 -- RNCOS has recently launched a new report "Indian Natural Gas Sector Analysis". India's primary energy basket is on the threshold of witnessing a quantum jump in contribution from natural gas to meet soaring domestic energy demand. Due to the inherent environment-friendly nature, cost effectiveness, and greater efficiency, natural gas is proving its utility in energy as well as non-energy sectors.
According to our new research report, "Indian Natural Gas Sector Analysis", India produced 50.9 Billion Cubic Meter natural gas in 2010, which is still far less from the actual demand in the country. This shortfall has forced the government to opt for LNG imports at comparatively higher international prices. It is expected that the shortfall will further widen in FY 2014 with an expected demand of around 327 MMSCMD and supply of just 215 MMSCMD.
Despite intense pressure on oil and marketing companies, our research has found that Liquefied Petroleum Gas (LPG) and Compressed Natural Gas (CNG) are positioning themselves as a future fuel option for both industrial and non-industrial sectors in the domestic market. The number of LPG customers is expected to grow at a CAGR of around 6.5% to touch the mark of around 147 Million by FY 2014-end. This will result in a sharp growth of LPG demand, thus exerting more pressure on its domestic production and imports.
Further, our report reveals that India is an attractive destination and has positive outlook for investments in oil and natural gas sector. In an effort to quench the nation's thirst for oil and natural gas, India has auctioned off many areas to private companies for exploration. The country is hoping for massive investment in this sector. In addition, the robust domestic demand from the long term perspective, large pool of skilled manpower, government policies such as deregulation of petroleum prices, bidding for oil and gas blocks have been playing an instrumental role in attracting FDI in this sector. FDI inflows have grown at a CAGR of around 60% during FY 2007- FY 2011 in this sector.
Besides, our report "Indian Natural Gas Sector Analysis" is an outcome of widespread research and objective analysis of current industry developments such as emergence of natural gas vehicle, shale gas, coal bed methane, city gas distribution etc. The report also covers information related to government initiatives and also facilitates significant details on key players in the country including their key financials, strengths & weaknesses, and recent activities.
For FREE SAMPLE of this report visit: [http://www.rncos.com/Report/IM232.htm]
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