Over the last decade, steep economical growth has positioned India as one of the major developing economies in the world. To match up the CAGR of 7-8% p.a. with similar increase in energy consumption, India needs uninterrupted, economical viable & clean fuel supplies. Over next years, there will be substantial increase in natural gas demand from power, fertilizer and industrial sectors. In view of lack of sufficient indigenous supply options to mitigate the growing demand-supply gap, LNG is bound to play pivotal role. Presently, India is 6th largest LNG importer, importing 13.5 MMTPA. Ongoing development of required infrastructure such as LNG regasification terminals and natural gas pipeline in the country is further strengthening the development of LNG market in India. India's regasification capacity of 13.5 MMTPA is expected to go up to 47.50 MMTPA by 2015-16 whereas gas transmission pipeline of 9000 KM is also expected to reach around 15000 by 2016. This growing demand is constrained by a major challenge in terms of price acceptability of LNG by various sectors. While at a price point, there is enormous demand of LNG, it vanishes at very fast pace with increase in LNG prices. The major challenge lies in structuring and tying up LNG which can meet the Suppliers expectation on one side and also meet Customers price expectations on other side. India is undoubtedly emerging as a major LNG market of the future to attain the desired sustainable growth of Indian economy and is likely to be 3rd largest importer of LNG by 2020. India is the 5th largest energy consumer at present accounting for more than 4% of world consumption. By 2025, it is expected that China and India will emerge as biggest energy consumers after US. The average would primary energy consumption growth rate in last decade has been 2.4%. For Asia the growth has been around 5.61%, while for India was around 5.88%. As per Exxon Mobil's Energy Outlook, the world population is expected to grow from 7bn to 9bn by 2040. Increased population would naturally result in increased energy requirement and India is likely to be the most populous country post 2030. While the per-capita Energy Consumption of India at present is almost half the global average i.e. 0.8 mtoe vis-a vis 1.8 mtoe, with the rising income levels along with growth in Indian Economy, the per capita energy consumption is likely to see a two-fold increase in next 10 years.
展开▼
