Oil and Gas Majors in India: Co-creating the Gas and LNG Market
The entry of big players into the downstream gas market, in partnerships with strong Indian partners, offers a key leverage to the Indian vision to realise a gas market-based economy. They can deliver competitive and affordable LNG supplies and accelerate gas infrastructure build out, thus solving two key bottlenecks on the Indian gas market. Energy majors will facilitate and accelerate gas market growth and enlarge the gas market with innovative solutions adapted to Indian conditions. A larger gas sector augurs well with Indian economy as well as for the environment and is a win-win situation for all stakeholders.While the COVID-19 crisis has introduced an additional uncertainty to natural gas demand growth, the Indian gas market fundamentals are robust and long-term growth propects remain strong.
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