Stepping On the Gas ; a Mckinsey Report Underscores the Need for Indigenous Gas.
Linked as:
Summary
India's demand for natural gas will increase by nearly three times to 135 billion cubic meters (BCM) by 2020, says McKinsey in a recent study, Gas in 2020: A Perspective. The escalation in demand implies that the country would require 90 BCM of additional LNG over the 35 BCM of indigenous production and 10 BCM of LNG in 2007. Several segments like fertilisers, city and industrial gas, and power producers are expected to propel this demand.
The status of ongoing projects indicates that indigenous production would increase to 55 BCM by 2012. Domestic sources alone may not be able to fulfill India's consumption requirements, says an analyst with Motilal Oswal. This gap can be bridged by the couple of international gas pipelines in the offing. The Iran-Pakistan- India pipeline (IPI) and Myanmar-India pipeline could provide about 40 to 45 BCM of gas. However, any delays in the implementation of these projects or in increasing indigenous Indian production would lead to an increased LNG import requirement of 40 to 80 BCM.See the full content of this document
Extract
Stepping On the Gas ; a Mckinsey Report Underscores the Need for Indigenous Gas.
Only 20 per cent of India's sedimentary basins have been well explored yet. ...
See the full content of this document
Sponsored links
