×
×
Markets & Forecasts

Indian gas hub could quicken market reforms

India’s ambition to become a gas-based economy will hinge on the government undertaking structural market reforms, which could be accelerated by establishing a gas hub India’s ambition to become a gas-based economy will hinge on the government undertaking structural market reforms, which could be accelerated by establishing a gas hub.
By Manish Vaid 11 February 2020 Asia Pacific / Policy & Regulation 0 35010
India's consumption is increasingly being met by LNG imports (Petronet)

With its vision of creating a gas-based economy and increasing the share of gas in the energy mix from 6.2% at present to 15% by 2030, India has set the ball rolling towards the creation of a gas trading hub. The idea is to make India’s gas market more competitive by bringing more players into the business via unbundling state-owned Gail’s gas marketing and transport businesses. Currently, Gail accounts for 70% of country’s pipeline network and 60% of the capacity along it, as reflected in...