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. Thanks to 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 has set a target of producing 42.28 Billion Cubic Meter natural gas for FY 2009 of which only 32.8 Billion Cubic Meter have been produced. This huge shortfall is transformed in around 8 Million Metric Tons of LNG imports at comparatively higher international prices. The Indian government has further widened demand-supply gap by setting low prices which put immense subsidy pressure on domestic oil and marketing companies.
Despite intense pressure on oil and marketing companies, we have found that Liquefied Petroleum Gas (LPG), Compressed Natural Gas (CNG) are positioning themselves as a future fuel option both for 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 150 Million mark by FY 2013. This will result in a sharp growth of LPG demand, exerting more pressure on its domestic production and imports.
CNG is also rapidly gaining recognition as cost effective and pollution free green fuel vehicle. In fact, with close to 0.6 Million vehicles, India stood second in terms of number of CNG vehicles in the Asia Pacific region behind only Pakistan. The number of CNG vehicles is expected to grow at a CAGR of 16% during FY 2010–FY 2013 on account of favorable government policies.
Our report “Indian Natural Gas Sector Analysis” contains extensive information, rational analysis, quantitative data, comparable figures and well-structured tables on the natural gas market in India. The report gives a deep insight into different segments of natural gas such as LNG, LPG, and CNG, with focus on their performance. It also facilitates deep understanding on fast emerging segments, such as Gas Hydrates, Coal Bed Methane, Underground Coal Gasification, to update clients about new developments taking place in the field of natural gas exploration. Analysis and statistics regarding market size, growth, segmentation and trends in technology developments have been comprehensively covered in the report to provide cutting edge market intelligence on the market considering the impact of global economic crisis on the industry.
