A Comprehensive Energy Policy will Drive the Growth of the Indian Gas Industry and Attract Foreign Investments
Summary
A significant portion of India’s natural gas demand can be met by its natural gas resources over the short-term. Despite significant gas discoveries, the Indian natural gas industry has not gained sufficient positive momentum. The regulated price market has been one of the major factors for the delay of the development process. Additionally, the country does not have a unified, transparent and comprehensive energy policy, which would improve economic clarity, accelerate the approval process and encourage foreign and domestic exploration investments. An unambiguous energy policy framework from the government should provide a commercially viable price fixation mechanism to boost domestic natural gas production and exploration activities. The implementation of new policy would impel the domestic and overseas oil and gas majors to make the investments required to drive the country’s natural gas production and exploration activities.
Scope
- Analyses the impact of regulated natural gas prices on the growth of the Indian natural gas industry. - Discusses the potentiality and attractiveness of the domestic natural gas resoruces. - Discusses the dependence of India on energy imports. - Discusses need for India to pursue a robust unified energy policy, which supports natural gas industry development.
Reasons to buy
- Understand the need for comprehensive energy policy in India to advance its energy security needs. - Gain understanding on some of the reasons for formulating the comprehensive energy policy and how it will influence foreign investments in India's gas sector.
