India gas demand growth stymied by slow infrastructure development

India, the world's third-biggest energy consumer, is striving to grow its natural gas use and shift away from oil and coal for power and industry, but its lack of gas import infrastructure is stymieing faster adoption of the cleaner-burning fuel. 

 And while India is the world's fourth-biggest importer of liquefied natural gas (LNG) - behind Japan, South Korea and China - and is seen as a market on the rise, growth in consumption of the fuel is still far outpaced by oil and coal.

 

Get us on http://www.ripplesadvisory.com/services.phpclick here, more and for Two days Free Trial drop your missed call on -9303093093.

Consultancy KPMG said in a presentation to the Petrotech conference in New Delhi the lagging development of natural gas infrastructure has helped to cut its portion of India's energy basket in half from a high of 12 % five years ago.

 

"India is a compelling market ... (but) continues to lack infrastructure to support a gas-based economy," Hamad Mubarak Al Muhannadi, chief executive of Qatar's RasGas, told delegates at the conference on Tuesday. "Coal and liquid fuels continue to meet the majority of India's energy needs."

India's LNG imports from RasGas represent around 10 % of the Middle Eastern nation's overall annual output. RasGas has a big presence in India through its 25-year contract with top importer of the fuel, Petronet LNG , and provides more than 50 % of the country's LNG shipments.

You May Also Like

0 comments

Note: only a member of this blog may post a comment.