Increasing usage of LNG in the industrial and domestic sectors is significantly contributing to the growth of LNG import in the country, says RNCOS.
Noida, UP -- (SBWIRE) -- 05/14/2012 -- Liquefied natural gas is a kind of natural gas that has been provisionally converted to the liquid form for the purpose of convenient storage and transportation. After processing and synthesis of LNG, it is turned back in to gaseous form by heating and other processes so that it can be sent to customers via piped transportation. Petronet Ltd is the leading player in the country’s regasified LNG capacity. LNG production in India has been growing at a rapid pace over the past few years. Despite this growth, the country falls short to meet sufficient domestic production demand, which impels it to import it from other countries.
Apart from the power sector, rising usage of LNG in the industrial and domestic sectors will significantly contribute to the growth of LNG imports. As a result, a supply shortage is expected to be addressed through imports, which will see a strong surge in future. In FY 2010, India imported around 64.5% of LNG from Qatar, followed by Australia, which accounted for about 9% of the total imports. Further according to a recent research report by RNCOS, “Indian Natural Gas Sector Analysis”, the country’s domestic production of LNG is expected to post a CAGR of around 10.6% during FY 2011-2013.
The report also provides an extensive coverage through research and analysis on gas demand and supply, gas allocation, gas pricing, exploration & development of the LNG market across the country. It presents a critical analysis and an unbiased view into the state of the LNG in India, including the current and future market size for various segments. Based on these data, and considering the drivers and trends, it also features exclusive forecasts for various LNG segments. Above all, the report also presents a snapshot of the competitive landscape and provides their business description, 5-years financials, strengths & weaknesses, and their recent activities.
Overall, it tends to facilitate clients with a proper understanding of the market and existing opportunities in the industry, which in turn will help them in devising a strategic investment decision.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM232.htm
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