India has been on a constant economic growth path from past two decades and this rise is coupled with increased energy consumption to thrust the fast growing economy. Basis India’s anticipated growth aspirations, it is evident that access to abundant and economically viable energy will be crucial to sustaining the trajectory of this growth.
Key Queries Resolved
- What would be the sector wise (broadly covering power sector, fertilizer sector, city gas distribution and other industrial sector) demand of LNG in India?
- What would be the regional opportunity analysis in the expansion of LNG terminal infra?
- What would be the opportunity for value chain players in upcoming contracts?
- What would be the opportunity for players in LNG trading in India?
- What would be LNG demand – supply dynamics by end user as per the existing LNG terminals?
- What would be LNG demand – supply dynamics and outlook with need for capacity expansion and plans by end use for existing terminals?
- What would be the LNG demand – supply outlook by end user as per upcoming and under construction LNG terminals?
- What would be the LNG demand – supply outlook with need for capacity expansion and plans by end use for upcoming and under construction LNG terminals?
BUSINESS CASE FOR LIQUEFIED NATURAL GAS IN INDIA
- India may see a 6 times growth in the Indian gas market by 2030 from the current levels, with LNG to be the largest contributor
- As per MoPNG, LNG import terminal capacity to double to 47.5 MTs by 2022
- The Government plans to launch the auction of 60 oil and gas fields being offered in the second round of bidding for Discovered Small Field (DSF) on August 9, 2018.
- Use of LNG as a transport fuel is on the priority list of the government and is working in line for setting required infrastructure.
- Petronet is setting up 20 LNG stations at petrol pumps on highways along the west coast that connects Delhi with Thiruvananthapuram covering a total distance of 4500 kms via Mumbai and Bengaluru
- Automotive sector in India foresees a demand of 8-9 MTs of LNG annually by 2022
- India opens biggest city gas licensing round likely to attract investment of INR 70,000 Crore
- Government targeting to raise share of natural gas in the primary energy basket to 15 per cent from current 6 per cent, in next few years