Navi Mumbai, Maharashtra India (PressExposure) June 16, 2011 -- Natural gas is fast gaining its appropriate place in India's huge energy basket that incorporates both renewable and non-renewable energy sources 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 47.5 Billion Cubic Meter natural gas in FY 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. The Indian government has further widened demand-supply gap by setting low prices, which exerts immense subsidy pressure on the domestic oil & marketing companies. It is expected that the shortfall will further widen in FY 2011 with an expected demand of around 265 MMSCMD and supply of just 197 MMSCMD.
Despite intense pressure on oil and marketing companies, we have 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 9% to touch the mark of around 150 Million by FY 2013 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 witnessing an explosive growth in the usage of natural gas driven vehicles. The country has the fifth largest fleet of natural gas vehicles (NGV) in the world and holds the highest NGV growth potential with over 200 cities planned for CNG developments. Usage of CNG in vehicles is rapidly gaining recognition as it is cost effective and pollution free green fuel. The number of CNG vehicles is expected to grow at a CAGR of 22.7% during FY 2011-FY 2013, on account of favorable government policies.
Besides, the report analyzes current industry developments such as, coal bed methane, city gas distribution, underground coal gasification, etc. The report also identifies key players in the country and includes their detail business description, strengths & weaknesses, and their recent activities.
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