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With revival of stranded gas based plants, India has produced highest ever generation in the year 2015

India: President of India Mr. Pranab Mukherjee while addressing a joint sitting of parliament on 23rd February highlighted the government’s agenda to revive gas based power generation by implementing a new initiative to supply liquefied natural Gas (LNG). The supply of LNG has led to revival of stranded gas plants with installed capacity of 11,717 MW in India and highest ever power generation was witnessed in India in the year 2015.

TechSci Research finds out that the power sector in India is the leading consumer of natural gas and demand for natural gas from the power sector is expected to grow at a CAGR of 10.69% between 2015 and 2020. The government of India implemented a new policy reform i.e. “e-bid RLNG” which would support supply of imported spot RLNG to power plants receiving domestic gas and the stranded gas based power plants up to targeted PLF. The government is focussing on gas based power generation due to its benefits such as high efficiency, low gestation period etc. TechSci Research has illustrated the market for LNG in India with current facilities and upcoming ones in near future.

According to a recent published report by TechSci Research, “India LNG Market Forecast and Opportunities, 2025”, Liquefied Natural Gas (LNG) is playing an instrumental role in filling the gap between demand and supply of natural gas in India. In the coming years, domestic natural gas production and pipeline natural gas would be unable to address the growing natural gas demand in the country. Thus, LNG is expected to play a crucial role in bridging the gap between demand and supply of natural gas which is likely to arise from requirement of gas from gas based power plants.

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