Liquefied natural gas may carve out a niche in India

10 Oct 2017   India

Liquefied natural gas could help satisfy growing energy demands in India, especially if commodity prices continue to improve, Wood Mackenzie found. In its October forecast , the Reserve Bank of India predicted inflation would hold steady at 4.5 percent through 2019 and real gross value added growth, the grand total of all revenues, should increase from 6.7 percent through 2018 to 7.4 percent in 2019. The growth translates to a stronger energy appetite and nearly half of India’s energy comes from oil and natural gas. New Delhi this week hosts an annual IHS-CERA conference. From the sidelines, Terence Ang, a senior analyst for Wood Mackenzie, said demand for India should outpace domestic supplies, especially for natural gas. To meet the […]

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