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Abstract

The share of Natural Gas in global energy consumption has grown steadily and will continue to rise for the years to come.<br>Forecasted supply of compromised natural gas is in the year 2050 to be 115-120 x 10 9 toe or 13.4-14% and 228 x 209 toe of<br>remaining ultimate reserves or 12% of the total. Of the world’s two major natural gas provinces, the largest (Russia) is being<br>exploited, while the other (The Middle East) is still rather untapped-hence its bearing on future gas supplies. India with its<br>radiant market and high GDP growth rate promises to provide huge customer base for natural gas industry. Study on natural<br>gas market in India is made in this paper. The paper gives a look into the opportunities arising out of the policy initiatives<br>taken by the Government of India which are welcoming, though skewed development of the market due to regulated market<br>pricing may be deterrent.

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/content/papers/10.3997/2214-4609-pdb.280.spe145498_noPW
2012-02-07
2024-03-29
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