Demand for LNG in India to Grow at around 17% until 2025
Widening demand-supply gap
for natural gas is boosting demand for liquefied natural gas (LNG) in India
According to a recently published TechSci Research
report “India LNG Market Forecast and Opportunities, 2025”, India’s LNG
demand is anticipated to increase from 64 mmscmd in 2015 to 306.54 mmscmd by
2025, registering a CAGR of 16.89% during 2015 - 2025. As of 2025, India’s natural gas pipeline infrastructure stood at
15,808 km and an additional 11,397 km of pipelines are expected to be added over
the next few years. Government Gas Allocation Policy have been implemented to
address demand for natural gas across various end user industries, classified
on the basis of needs as City Gas Distribution for households, transport,
fertilizers sector (urea plant), power plants and industrial sectors.
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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, environmental factors, and requirement of
less water and land compared to other fuel based power plants. Various other policies such as recent updates in
“Gas Allocation Policy” have also 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 for smoothening the supply of imported
spot RLNG to power plants and fertilizer industries.
“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 makes LNG a commercially
viable and suitable fuel for various end user in India. As a result, LNG demand
is forecast to witness robust growth over the next 5-10 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.