Indian energy portfolio is undergoing diversification with increasing share of LNG. 10% of the current energy demands is being drawn from LNG supplies. Now with the increased demands primarily from industrial sector and decimation in the gas costs, imports for LNG is elevating along the development curve. Primarily the gas demands are expected to rise in coming 5 years. The CAGR (Compound Annual Growth Rate) is envisaged to elevate of around 26% during 2014-2019.
Dahej LNG terminal, currently the largest import hub of India has also doubled the terminal capacity. Also new terminals are being planned to steer the energy portfolio towards a greener pattern and cut down nation’s carbon footprints.
Government is promoting wide usage of natural gas with significant infrastructural development as well as widening of the existing pipeline network across the nation. Also, necessary steps are being taken to harness energy from non-conventional sources such as CBM and shale gas.