Issues and Challenges in Development of Efficient Gas Market
India needs energy, which its population can access and afford. Government of India intends to increase energy availability by increasing the share of gas, in the energy mix from 7.1 to 20% by the year 2030. However, this is not possible unless there is a
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ural Gas Markets in India Opportunities and Challenges
Natural Gas Markets in India
Sanjay Kumar Kar Ayush Gupta •
Editors
Natural Gas Markets in India Opportunities and Challenges
123
Editors Sanjay Kumar Kar Department of Management Studies Rajiv Gandhi Institute of Petroleum Technology Jais, Uttar Pradesh India
ISBN 978-981-10-3116-8 DOI 10.1007/978-981-10-3118-2
Ayush Gupta GAIL Training Institute Noida, Uttar Pradesh India
ISBN 978-981-10-3118-2
(eBook)
Library of Congress Control Number: 2016957862 © Springer Nature Singapore Pte Ltd. 2017 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #22-06/08 Gateway East, Singapore 189721, Singapore
Foreword
It is my pleasure to know that Dr. Sanjay Kumar Kar and Mr. Ayush Gupta have come up with a comprehensive book bringing out the opportunities and challenges before India in the natural gas sector. Continuous efforts are being made to reduce the gap between the demand and supply of natural gas in the country through domestic production and import of gas in the form of liquefied natural gas (LNG). The natural gas pipeline is being continuously expanded, and gas is now reaching to thousands of new domestic consumers through the city gas distribution networks being established in new cities/geographical areas. With natural gas just contributing only about 9% to the India’s energy basket as against the world average of 25%, there lies a huge opportunity for the growth of natural gas sector in India. However, with limited domestic production and increasing volatility in the international gas markets, the natural gas sector in India is presently passing through a challenging phase. The steep fall in the crude oil prices over last one year is already having a deep impact on the natural gas market in India. The book is an excellent com
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