India's Impending Reforms Include Creation of Gas Trading Hub

摘要

India's ambitious plan to increase gas' share of its primary energy mix from 6% to to 15% by 2030 includes establishing a gas trading hub by December, splitting the marketing and distribution businesses of state-owned pipeline giant Gail India, and ordering LNG terminals to open 20% of their capacity to third parties. The reforms are all part of moves to lower emissions by boosting use of gas in preference to coal, which - as in China - could help tighten global LNG markets. But to hit the target, analysts say the government would also have to offer more incentives to domestic explorers and producers, build more infrastructure, and ensure LNG imports are affordable.