NEW YORK, May 4, 2016 /PRNewswire/ -- Increasing focus on expansion of gas pipeline infrastructure, rising demand for natural gas from power and industrial sectors coupled with favorable government policies is making LNG a commercially viable fuel for an increasing number of end users industries in India. As a result, LNG demand is forecast to witness robust growth over the next 5-10 years. Power sector is the largest natural gas consumer in India, and the sector is expected to continue its dominance with the implementation of new policy initiative i.e. "e-bid RLNG", which would support the supply of imported RLNG to stranded gas based power plants. As of 30th November 2015, India's pipeline infrastructure stood at 16,065 km and an additional 11,302 km of pipelines are under construction/execution. With growing pipeline infrastructure and favorable government initiatives, the country's LNG market is expected to witness bright days ahead.
According to "India LNG Market Forecast & Opportunities, 2025", the total opportunity for RLNG in India is projected to increase from an estimated 52.34 mmscmd in 2016 to 305.10 mmscmd by 2025, registering a CAGR of more than 21% during 2016 – 2025. Upcoming LNG terminal projects, surging demand for natural gas in India and cost-effectiveness of LNG as compared to other alternative fuels are among the major factors anticipated to positively influence the country's LNG market scenario over the next ten years. Government has also announced revised guidelines in "Gas Allocation Policy" to prioritize natural gas supply to various end-user segments that include City Gas Distribution for households and transport sector, fertilizers sectors (urea plant), power plants and industrial sector. In addition, emergence of SSLNG market is opening up new opportunities for the industry. Other policies like E-bid RLNG are also expected to play a crucial role for supplying imported RLNG to power plants and fertilizer industry over the course of next ten years. "India LNG Market Forecast and Opportunities, 2025" discusses the following aspects of LNG market in India:
- India Natural Gas Demand & Supply Analysis
- India LNG Demand Outlook
- Existing, Under-Construction and Proposed LNG Terminal Overview in India
- Policy and Regulatory Landscape
- Pricing Analysis
- Strategic Recommendations
Why You Should Buy This Report?
- To gain an in-depth understanding of natural gas demand in India.
- To identify the on-going trends and anticipated growth in the coming years.
- To help industry consultants, natural gas suppliers and other stakeholders align their market-centric strategies
- To obtain research based business decisions and add weight to presentations and marketing material
- To avail 10% customization in the report without any extra charges and get research data or trends added in the report as per the buyer's specific needs
The information contained in this report is based upon both primary and secondary research. Primary research included interaction with natural gas suppliers, distributors and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and other proprietary databases.
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