Natural Gas and LNG Market (2015–2025) Natural Gas and LNG Market (2015–2025) | Page 3
Natural Gas and LNG Market to 2025
The India Natural Gas Market is bifurcated by end-user verticals into power, fertilizer, city gas distribution (CGD),
industrial and others. The segmentation is based upon major verticals where natural gas is used and will be soon
replacing other fossil fuels and traditional fuels. Power generation sector is the second highest consumer of natural
gas in India after fertilizer industry. Natural gas is used to generate electricity instead of coal in a natural gas power
plant which produces much less greenhouse gasses when compared to coal.
The Indian gas upstream sector experiences numerous challenges, which includes concerns on prospects such as,
changes in fiscal regime, inadequate upstream data and low domestic gas prices. The India government has
matched the domestic gas prices to the international market standards such as – Russia, the US, Canada and
Europe.
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