India Natural Gas and LNG Market is expected to reach US$ 30.7 billion by 2025 |The Insight Partners
Latest market study on “Natural Gas and LNG Market to 2025 by End-User Verticals (Power, Fertilizer, City Gas Distribution (CGD), Industrial and Others) – India Analysis and Forecast”, states that the India Natural Gas Market is estimated to reach US$ 30.7 billion by 2025 from US$ 19.7 billion in 2015. The report include key understanding on the driving factors of this growth and also highlights ports and storage, government regulation, import and export data and the prominent players in the market along with their recent developments.
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The India Natural Gas Market is bifurcated by end-user verticals into power, fertilizer, city gas distribution (CGD), industrial and others. The segmentation is based upon major verticals where natural gas is used and will be soon replacing other fossil fuels and traditional fuels. Power generation sector is the second highest consumer of natural gas in India after fertilizer industry. Natural gas is used to generate electricity instead of coal in a natural gas power plant which produces much less greenhouse gasses when compared to coal.
The Indian gas upstream sector experiences numerous challenges, which includes concerns on prospects such as, changes in fiscal regime, inadequate upstream data and low domestic gas prices. The India government has matched the domestic gas prices to the international market standards such as – Russia, the US, Canada and Europe.
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There has been constant development in India natural gas industry in last few years. India being the fifth largest coal based reserve in the world, it gives the country an opportunity for Coal Bed Methane (CBM) exploration to produce natural gas in house. Additionally, the country has around 96 tcf of recoverable resources of natural gas that is trapped in shale rock formation. The Cambay basin on the Krishna and Godavari rivers along with Damodar valley are the most prospective sedimentary basins for carrying out shale gas activities in the country. Thus, there is a huge opportunity to discover and generate natural gas within the country to meet the country’s rising energy demand. This will help to bring down the cost of LNG in India by bringing down import of LNG.
Some of the leading India LNG market players are Petronet LNG limited, Royal Dutch Shell PLC, Chevron Corporation, Total S.A., GAIL, Hindustan Petroleum Corporation Ltd., Mahanagar Gas Pvt. Ltd., Oil and Natural Gas Corporation Ltd., Gujarat Gas Ltd. and Indraprastha Gas Limited are among others.
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The report segments the India Natural Gas Market as follows:
India Natural Gas Market – By End-user Verticals
- City Gas Distribution (CGD)
- Industrial and
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