Market & Company Research Store > Details

Year: 2012

Contents: 6 pages

Country: India

Sector: LNG (Energy)

Rising Natural Gas Consumption Prompts Gas Authority of India Limited to Diversify India’s Liquefied Natural Gas Sources

Summary

The Gas Authority of India Limited (GAIL) is diversifying India’s Liquefied Natural Gas (LNG) sources in response to India’s increasing natural gas demand. India’s rising natural gas consumption and falling domestic production have made it necessary for GAIL to sign medium- and long-term LNG supply contracts with the US, France, Spain and Russia over the last year. GAIL has been planning the acquisition of a number of LNG assets, comprising LNG plants and terminals across the world, since September, 2011. The company’s existing and planned extensive infrastructure for the import and transmission of natural gas across India is expected to be sufficient to handle the increasing natural gas consumption in India. As a result of the additions that are currently planned, LNG regasification capacity in India is expected to register growth of around 130% between 2012 and 2016.

Scope

- The report highlights how GAIL is diversifying India’s LNG sources in response to India’s increasing natural gas demand.
- It focusses on GAIL signing supply contracts with multiple LNG exporting countries to diversify India’s LNG sourcing portfolio
- Geographic Scope- India

Reasons to buy

- To know how how GAIL is diversifying India’s LNG sources in response to India’s increasing natural gas demand.
- To understand how GAIL plans to further strengthen its extensive infrastructure for import and transmission of natural gas across India.
- To be informed about GAIL signing a number of medium- and long-term LNG supply contracts over the last year.
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