Natural Gas and LNG Market in India to grow at a CAGR of 5.06% by 2025 |The Insight Partners

The Insight Partners: Growing concern towards greenhouse gas emissions will raise Natural Gas and LNG Market in India by 2025 with a CAGR of 5.06%.

The “Natural Gas Market to 2025 by End-User Verticals (Power, Fertilizer, City Gas Distribution (CGD), Industrial and Others) – India Analysis and Forecast” study involves understanding India natural gas market in 2015 and its forecast to 2025 along with its market trend during this period. The report also focus on the factors responsible for this growth of India natural gas market, and also spots the significant gas players in the market and their key developments.

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Natural Gas and LNG Market to 2025 – India Analysis and Forecast by end-user, Natural Gas market is expected to grow US$ 30.7 billion by 2025 from US$ 19.7 billion in 2015. Natural gas in India is considered to be the bridging fuel of the nation’s energy mix, and constitutes almost 7% of the total mix. Power generation and fertilizer sectors are the two major consumers of natural gas in India, and highly influence the Indian natural gas market. In last few years, developmental initiatives such as the manufacturing reform “Make in India”, and connected cities “100 Smart Cities Mission”, along with many other projects have also increased country’s propensity for more energy sources.

Some of the remarkable partnership and collaboration in this industry are collaboration of ONGC Videsh have jointly signed definitive agreements with Rosneft, the national oil company of Russia for acquiring additional 11% shares in JSC Vankorneft, a company organized under the law of Russian Federation which is the owner of Vankor Field and North Vankor license. Also, Gujarat Gas Ltd (GGL) and Sabarmati Gas Ltd have signed agreement to develop City Gas Distribution (CGD) network in Amreli and Patan districts respectively in an area covering a geographical area of 909.09 sq. kms.

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The India Natural Gas market is segmented into five major end-user segment; power, fertilizer, industrial, city gas distribution, and others. The report profiles key players such Petronet LNG limited, Royal Dutch Shell PLC, Chevron Corporation, Total S.A., GAIL, Hindustan Petroleum Corporation Ltd., Mahanagar Gas Pvt. Ltd., Oil and Natural Gas Corporation Ltd., Gujarat Gas Ltd. and Indraprastha Gas Limited are among others.

The report segments the India Natural Gas Market as follows:

India Natural Gas Market – By End-user Verticals
• Power
• Fertilizer
• City Gas Distribution (CGD)
• Industrial and
• Others

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Release ID: 189871