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MTECHTIPS;-India’s Natural Gas Demand Expected To Surge 30% over Next Five Years

MTECHTIPS;-India’s Natural Gas Demand Expected To Surge 30% over Next Five Years

natural gas in the country has declined due to decline in domestic gas production. The actual gas demand is price sensitive and total gas consumption during 2014-15 was 116.78 MMSCMD (73.93 MMSCMD domestic and 42.85 MMSCMD R-LNG). Due to lessdemand for imported Liquefied Natural Gas (LNG), out of 62.10 MMSCMD of totalregasification capacity, 19.25 MMSCMD remained unutilized. Existing capacity of pipelinenetwork is about 430 MMSCMD which is much higher than the consumption and demand. TheCabinet Committee on Economic Affairs (CCEA), in its meeting dated 25.03.2015 and 31.03.2015 has approved the policy to revive and improve utilization of the stranded gasbased power generation capacity and pooling of gas in fertilizer (urea) Sectors. Theformer has made R-LNG based power generation commercially viable for idle/ stranded gasbased power plants, while the later has enabled fertilizer plants manufacturing urea torun at its full capacities. The Minister of State (I/C) for Petroleum & Natural Gas informed the Rajya Sabha in a written reply today that the Working Group on Petroleum & Natural Gas sector for 12th and 13th Five Year Plans haspro jected the demand of natural gas by various sectors during the period 2014-15 to 2018-19 as under:
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