Pragmatic Approach to Understand Indian Natural Gas Market
A Pragmatic Approach to Understand Indian Natural Gas Market Historically, India has relied on coal to generate power, liquid fuels as feedstock and oil for its transport sector. But for environmental reasons India needs to focus on cleaner fuels. Natural gas has emerged as the fuel of choice for many industries in India owing to its environmental benefits and higher economic efficiency. However, India’s natural gas market is seeing a supply deficit due to its low domestic production.
The demand and supply gap is increasing, and there is no reason it will stop. MarketsandMarkets expect that the demand for natural gas will reach about 705 MMscm/d by 2029-30, up from about 260 MMscm/d
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