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Natural gas in India's energy management

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  • Muhammad Azhar
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    Abstract

    Thanks to the continuous implementation of liberalisation and reforms, the Indian economy has become a significant energy consumer. Further, the fast growing economy is expected to result in massive and unprecedented growth in energy consumption in India. This is sure to have important ramifications for the domestic energy sector, as well as global energy market. At the domestic level, this resulted in new discoveries of hydrocarbon resources. However, the growth in energy consumption is so high that the old, as well as newly discovered hydrocarbon resources would not be able to fulfil the growing demand for energy in the Indian economy. Hence, Indian economy would remain dependent on the global market for the supply of hydrocarbon resources. India has been adopting various strategies to manage her energy requirement and Natural gas is slated to play an important role in India's energy management. This paper therefore, attempts to study the importance of natural gas in this context. Copyright 2007 Organization of the Petroleum Exporting Countries.

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    Bibliographic Info

    Article provided by Organization of the Petroleum Exporting Countries in its journal OPEC Review.

    Volume (Year): 31 (2007)
    Issue (Month): 1 (03)
    Pages: 53-72

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    Handle: RePEc:bla:opecrv:v:31:y:2007:i:1:p:53-72

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