1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Oil and Gas
  5. > Natural Gas Market Trends

India set to become an LNG juggernaut and swing demand in global LNG trade

  • June 2017
  • 128 pages
  • Infra Insights
Report ID: 5075846

Summary

Table of Contents

State of euphoria in Indian Natural Gas Market
India has been registering a sustained growth in terms of demand for natural gas and its outlook towards sourcing LNG from global supply destinations has been promising. The positive sentiments around India as a promising LNG buyer received a significant push when India (at COP 21, Paris) committed to reduce its carbon intensity by a third from 0.37 kg per capita of GDP in 2005. All the same, the government’s plan to double the share of natural gas in India’s energy mix - from 6.5% in 2015 to 15% over the medium term goes well with the positive perception of India’s outlook towards developing its gas market.

Indian government is rightly playing the role of a facilitator and has brought a series of new policies & frameworks in areas related to generating global interests in domestic Oil & Gas field development (DSF Bidding, Revenue Sharing Contract Model, HELP) and as well as bringing clarity on the pricing framework of natural gas in the country (New Domestic Pricing Guidelines, and Pricing Freedom for gas from deep-water, ultra-deep water and HPHT) through price notifications and price ceiling.

India’s energy outlook is transforming; Recognition of the versatility of natural gas in terms of meeting the growing energy needs of the country, considerations towards reducing massive imported crude oil dependence pegged at nearly 80%, support towards adoption of clean energy source and substantiating the domestic natural gas production volumes with imported LNG for sustainable natural gas market growth will help the government deal with its growing energy need.

Strong indicators pointing towards a robust LNG imports outlook
In a scenario where the traditional LNG demand anchors such as Japan, Korea and Taiwan are seemingly going slow or even cutting back on reviving/signing volumes, the LNG supplier interest has shifted towards India and China as the next major swing demand centres. India has been registering a steady growth in LNG imports for more than a decade. The share of LNG in India’s gas basket is close to 50%. Total LNG imports in India have doubled in the last 7 years from 8 MMT in 2008-09 to 16 MMT in 2015-16. Industry experts expect the imports to grow by 50% by 2020 at 24 MMT. The global LNG supply glut and drop in LNG prices has further favoured India’s appetite towards LNG which has resulted in a positive outlook towards a robust LNG imports scenario in the times to come.

Significant grounds expected to be covered in a short span...
The positive outlook towards a robust natural gas demand growth amid the ground realities such as domestic supply constraints, under-balanced gas pipeline and RLNG terminal infrastructure signals that significant ground needs to be covered in terms of infrastructure development and adopting innovative supply-chain approach towards penetrating gas markets through LNG. New disruptions are expected to happen in the times to come due to technological evolutions in storage and regasification of LNG at end-user point of use across industrial (ISO Containers, LNG by truck and Cryogenic LNG Storage) and transport segment (LCNG, LNG in M&HCV).

This report, "India set to become an LNG Juggernaut and swing demand in global LNG trade" is the second edition of InfraInsights best-selling report titled, "India’s Future Lies in LNG" (launched in the fall of 2014).

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Gas Separation Membranes Market by Material, Application And Region - Global Forecast to 2022

  • $ 5650
  • Industry report
  • September 2017
  • by MarketsandMarkets

“Cost effective and energy efficient gas separation process is the prime factor for the growth of the gas separation membranes market” The global gas separation membranes market is projected to reach ...

Gas Engine Market by Fuel Type, Application, End-User, Power Output, and Region - Global Forecast to 2022

  • $ 5650
  • Industry report
  • August 2017
  • by MarketsandMarkets

“The gas engine market is projected to grow at a CAGR of 6.12% from 2017 to 2022.” The gas engine market is projected to reach USD 4.76 billion by 2022, growing at a CAGR of 6.12%, from 2017 to 2022. ...

Liquefied Natural Gas Market Analysis By Application, By Region And Segment Forecasts, 2014 - 2025

  • $ 4950
  • Industry report
  • August 2017
  • by Grand View Research

Liquefied Natural Gas (LNG) Market Analysis By Application (Transportation Fuel, Power Generation, Mining & Industrial), By Region, And Segment Forecasts, 2014 - 2025 The global liquid natural gas (LNG) ...

Global Gas Meter Market 2017-2021

September 2017 $ 3500

ref:plp2017

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.