India's natural gas market is characterized by a supply deficit due to low domestic production and inadequate distribution infrastructure leading to increased reliance on imported LNG. Domestic gas production after receiving a significant impetus from commencement of production from RIL's KG-D6 field has been on a declining trend due to technical difficulties in the KG-D6. Decline in most of the country's ageing fields has further compounded the supply deficit. CARE Research expects domestic natural gas demand to outpace domestic supply; thus aggravating the deficit situation. LNG imports are expected to grow at a healthy rate but will only partially meet the shortfall, despite huge LNG regasification capacity additions planned in the next 5 years. The report gives valuable insights into basics of the industry, structure, policies, regulations, demand, supply, gas infrastructure, gas utilization policy, etc. It also provide in-depth analysis of non conventional sources of gas supply. It also provides CARE Research's forecasts of domestic gas production, sector-wise demand potential, gas allocation and deficit, LNG imports and outlook on international LNG prices.
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