LNG Market in India to Grow at 21% Through 2025: TechSci Research Report
NEW YORK, May 6, 2016 /PRNewswire/ --
Booming Demand From Various End User Sectors Such as Power, Fertilizers, Industrial and City Gas Distribution to Drive Demand for LNG in India Through 2025
According to TechSci Research report, "India LNG Market Forecast & Opportunities, 2025'’, demand for RLNG in India is forecast to increase at a CAGR of 21.6% during 2016-2025, due to increasing LNG terminal projects and cost-effectiveness of the fuel compared to other alternative fuels. Moreover, lack of cross country pipeline for natural gas till 2018, makes LNG a commercially viable fuel for various end user applications in India. Power sector is the leading end user of natural gas in India and consumes nearly one-third of the total natural gas produced in the country. Moreover, government is increasing its focus on gas based power projects due to their high efficiency, low gestation period, lower carbon emissions and requirement for less water and land compared to other fuel based power plants. Various other policies such as Gas Allocation Policy have been implemented to encourage use of gas in different end user segments. Other policies that are expected to have a positive impact on the country's LNG market include E-bid RLNG that would help smoothen supply of imported spot RLNG to power plants and fertilizer industries.
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Browse 151 market data Tables and 29 Figures spread through 250 Pages and an in-depth TOC on "India LNG Market"
http://www.techsciresearch.com/report/india-lng-market-forecast-and-opportunities-2025/592.html
Government is increasing focus on expansion of gas pipeline infrastructure in the country. As of 30th November 2015, India's pipeline infrastructure was 16,065 km and an additional 11,302 km of pipelines is under construction. In 2015, GAIL (India) Limited accounted for a share of 68.95% in India's total pipeline network, followed by Gujarat State Petroleum Corporation Limited (GSPCL) with 14.66% share, Reliance Gas Transportation Infrastructure Ltd (RGTIL) with 9.14%, Assam Gas Company Limited (AGCL) with 6.23%, Indian Oil Corporation Limited (IOCL) with 0.87% and ONGC with 0.15%.
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"Low domestic natural gas production in the country and rising demand for natural gas from key end user segments has widened demand-supply gap for natural gas in the country. However, increasing focus on expansion of gas pipeline infrastructure in the country, rising demand for natural gas from power and industrial sectors and favorable government policies make LNG a commercially viable fuel for various end user applications. As a result, LNG consumption in India is expected to exhibit an upward trend over the next ten years." said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"India LNG Market Forecast and Opportunities, 2025" has evaluated the LNG demand outlook in India and provides statistics and information on market structure, industry behavior and trends. The report includes market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities available in LNG market in India.
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