India to Drive Global LNG Market Growth

According to our research report “Global LNG Market Analysis”, the demand for LNG is expected to grow at a robust pace in both the developed and developing nations in coming years. Despite the economic slowdown of 2009, the market did not seem to have been much affected as the countries globally understood the importance of using LNG. Thus, the LNG demand is anticipated to grow at a CAGR of 7.6% between 2010 and 2030. The soaring prices of crude oil and coal at the global level and the concentration of countries towards clean power are the key factors fuelling growth in the sector.

 

We have found that India is one of the major LNG importing countries in Asia-Pacific. Majority of LNG supply to India usually comes from the Middle East. Out of the total LNG import, Qatar accounts for the majority of share. Moreover, India is expected to hold its position as the potential LNG importer in coming years. The main reason for this projection is the Indian government subsidization of gas prices that further encouraged the use of natural gas in a number of sectors.

 

Our report has found that most of India’s available natural gas is allocated to power generation, sponge iron industry and fertilizer production. 100% FDI allowance permitted in the sector is luring many foreign investors to explore more growth opportunities and expand their business operations.

 

“Global LNG Market Analysis” provides an extensive research and rational analysis of LNG industry worldwide, with focus on statistical evaluation of different regions. The report contains information about the current market trends, new developments and competitive landscape to enable clients better understand the market structure and its progress in coming years.