Government aims to increase natural gas share in Indian Energy Basket to 20% by 2025 as compared with 11% in 2010, as stated by the Petroleum and Natural Gas Regulatory Board (PNGRB) in its vision 2030 document.
Apart from domestic sources, a significant contribution in gas supply is expected from LNG imports, with plan to augment and add capacities both on the west and east coast of India.
Based on the plans for expansion in natural gas supply in the country with the help of additional RLNG terminals, nation wide transmission pipeline network and transnational pipelines expected to materialize in next 5 to 10 years. However, to achieve a 20% share of natural gas in the primary energy it is required to attract and sustain investments in the gas infrastructure including the cross country pipelines.
India's LNG imports jumped by 20 per cent in the first six months of 2018 as compared to same period last year due to strong growth in demand. With the government taking proactive steps to ease infrastructure bottlenecks and push for gas as penetration in energy mix, LNG is the only option in boosting the country's gas demand in the next few years.
The summit shall present the current market scenario and global outlook of LNG industry in India. It will focus on the key focus areas of the industry like scope for improved infrastructure, storage and distribution of LNG and its future as a sustainable energy resource.
- Discussion on LNG market scenario, opportunities, trends, meeting demand and supply and growth scenario.
- Highlighting the investment opportunities for a sustainable economic growth.
- Discussion on pricing, contacting and trading mechanism.
- Latest advancement on technology for LNG shipping and bunkering.
- Cryogenic technology for LNG terminals
- Project financing and develop of FSRU’S & LNG regasification projection
- Sagarmala project and a plethora of opportunities
- Challenges and opportunities in inland storage and distribution of LNG.
- Opportunities and future of LNG as a sustainable future fuel.
- LNG producers, suppliers, importers and end users
- Shipping companies
- EPC companies
- Leading ports and terminal companies
- LNG terminal manufacturers
- LNG tank designers
- Ship financiers
- Financial institutions
- Equipment suppliers
- Regulatory bodies
- Equity research
- Stock broking companies
- Educational / training institutes
- Consulting and legal firms
- LNG Technology Providers
India is 14th largest gas consumer – 54 bcm (~142 mmscmd) and 4th largest LNG importer – 26 bcm (~68 mmscmd).Economy is growing at CAGR of about 6 — 7% with similar growth in energy consumption. Government aims to significantly increase share of Natural Gas in Indian Energy basket to in coming years. Despite increase in domestic gas production- dependency on imported gas to increase substantially.
The country imports nearly 60 per cent of LNG from the Middle East and the rest from Australia, West Africa and the US, the global energy, metals and commodities information provider said.
In the world market, China, ranked second, witnessed 50 per cent growth in LNG imports, while India was ranked as the fourth largest importer of LNG.
Higher imports from the US market is predicted in coming years. The LNG imports from US market is relatively small at 5 per cent at present, which could well grow as US projects ramp-up in the coming years. The US LNG prices are also still competitive to spot price of LNG in India.
The country has over 20 million ton (mt) of contracted LNG, of which six mt is from the US. The country has contracted to buy $ 2 billion of US LNG annually for 10 years.
The country's gas market has relatively low penetration of around 6.5 per cent of energy mix as against government's target of 15 per cent by 2020, due to inadequate infrastructure of pipeline for LNG expansion.
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