India: An Emerging LNG Market
Journal Title: JOURNAL OF ADVANCED RESEARCH IN PETROLEUM TECHNOLOGY & MANAGEMENT - Year 2017, Vol 3, Issue 1
Abstract
In the era of economic modernisation, India has emerged as central economic and trading zone in emerging Asian market focusing on logical choices to accelerate its economic performance. Private sector involvement in power and fertilizer sector and rationalization of prices have increased demand of natural gas manifolds and made us to look for efficient energy management system. Paltry domestic output of natural gas mandates that India must import natural gas to meet it expected explosive growth in demand for the fuel. Pipeline imports might seem a logical choice, but historic proposals of IPI and other subsea pipelines proved it to be a problematic alternative. Considering the scope of India’s expected demand growth, impressive technological enhancement and malevolent political relations with neighbors, India has no better option than LNG for sourcing Natural gas. India has settled on a comprehensive program of establishing LNG terminals around the country and expanding its domestic gas pipeline infrastructure to deliver that re-gasified LNG to market. To give a big boost to natural gas in India and deal with energy diplomacy, current government is really working hard to develop strong and long term strategic relationships with resource rich countries and bridge the demand-supply gap.
Authors and Affiliations
Ms. Surbhi Arora,
Keywords
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