Evolution Of Indian Gas Market

Oil and natural gas companies have developed a way to drill for natural gas, a process called hydraulic fracturing, also known as fracking. Natural gas is a flammable gas mixture consisting of methane and several other hydrocarbons that occur naturally underground. Natural gas is used as fuel for heating, cooking, and even in some automobiles like the “RideOn” buses. This technique has only recently become economically feasible with the rising prices of fossil fuels, and there is much potential for recovering natural gas through fracking. However, fracking has many waste products and unusual side effects caused by the unnatural forces and materials used. Fracking has a detrimental effect on the surrounding environment through

Mother Nature gave us natural resources to patronize and natural gas is one of them. Small quantities of ethane, propane, butane and pentane are found in the natural gas composition but it is mostly made up of methane. The high volume of pipeline gas makes it difficult for it to be transported in its gaseous form. This is the reason why the oil industry is dominating because of how easy it can be transported. Pipelines are suitable for transporting pipeline natural gas but constructing the suitable infrastructure is very expensive and not technically feasible for global transportation.1 In addition, for you to be able to make it in the gas industry you need trading partners to buy your natural gas. Having said that, one can deduce that the only way to make a

The natural gas industry is here to stay and we will be a better nation because of it. Many of the issues brought up against natural gas fracturing are often times inflated by people with misguided views of the industry, many of whom probably use natural gas daily. The benefits far outweigh the negative issues that are being blown out of proportion by lobbyists and environmental groups. With any major industry there are going to be side effects that need attention to ensure proper regulation. One would be hard pressed to find a major industry throughout history that required zero regulation to ensure safety. As long as the research continues into finding even better methods to produce natural gas the sky is the limit. A cleaner and more efficient energy source lies in the ground right here in our country. It provides energy and jobs for the people of our nation and does not require us to spend more money overseas where enough has been spent

While oil and natural gas are fossil fuels that release harmful greenhouse gases into the atmosphere, these energy sources are cleaner than coal, which is on the decline as fracking expands. Indeed, coal production fell thirteen percent from 2007 to 2012, as did nitrogen dioxide and sulfur dioxide production. Moreover, pipeline transportation of oil and natural gas is significantly safer than traditional freight methods, which have devastated many communities around the world and cost millions of dollars.

W hy does everyone care so much about natural gas? Why is it such an essential part of modern culture? Sure, it's an exciting and up and coming technology, which is fuel for the technological generation that we've grown up in, but we need to take a closer look to see the methods and impacts that could affect generations after us.

Natural gas is not a clean nor renewable source of energy. A transition to wind, solar, geothermic, and hydroelectric energy along with other natural resources that do not produce the harmful environmental concerns are needed. The cleanliness of our air and the reduction of our dependence on fossil fuels is something that needs to take priority. There is a responsibility to do as much as we can to take care of the resources around us and not to destroy them without knowing the consequences that will be

The Industrial Revolution created a society and energy consumption based on coal. However, in a more traditional society, natural gas has been obtained through oil drilling. While

Natural Gas is one of the main sources of energy for many of our daily needs and activities because of the clean, safe, and useful characteristic. Natural gas is colorless,

Energy, especially from fossil fuels, is a key ingredient for all sectors of a modern economy and plays a fundamental role in improving the quality of life in less developed economies. In 2007, India is ranked fifth in the world in terms of energy demand; accounting for 3.6% of total energy consumed, and is expected to grow at 4.8% in the future. India imports 70% of the oil it uses, and the country has been hit

The importance of natural gas is to replace the role of oil in the economy. Natural gas is good for the US because it can produce natural gas domestically. It has plenty of energy for use in people’s homes and in industry. It will help the US economy cope with the depletion of peak oil production. Crude oil is nearly three times as expensive as Natural gas. (Pipeline, 2009-2013)

A good reason for switching to natural gas is that it reduces pollution going into our atmosphere being that it emit lesser harmful pollutants into the Earth’s atmosphere as opposed to the other resources we use for energy. In Colorado, companies are making breakthroughs in technology creating a wide, vast amount of natural gas to be harvested as well as creating many jobs for American workers. This breakthrough in technology will produce more natural gas reducing prices for consumers, which is where one of my fascinating facts come in. (Ursula, 2014) “Low natural gas prices have saved households on average about $1,200 annually in lower energy costs ” and with the lower prices power companies are able to produce more electricity from natural gas. Proof that using natural gas

With the carbon emission regulations recently introduced by US government, natural gas is the most likely substitution to coal for electricity generation for years to come. Latest price reductions made natural gas from a cost perspective much more attractive than coal.

The extensive roles of energy in economic growth are well known. Kaiser, Mark .J (2007) posits that there is a solid relationship between national economy and energy development, as energy supply, demand and pricing have enormous influence on economic growth. With the fast pace of economic development over the past decades, many developing nations experienced a sharp annual growth in petroleum demand. However, those with large or potentially large petroleum deposits, very sufficient and financial resources for supply investments, especially for the development of oil and gas production and exploration.

Oil and Gas Policy Division Oil, Gas, Mining and Chemicals Department Private Sector Development and Infrastructure

According to the latest scenario of the Natural Gas Analysis, the Natural Gas market in India is expected to be the one of the fastest growing in the world during the next two decades. Among its segments LPG has made a substantial progress to become the most convenient, cost effective and pollution free means of fuel, especially in the middle class segment. LPG market in India is not at all versatile and competitive. It’s a part of the Indian economy is still untouched by privatization. After 1991, many companies tried jumping in the LPG market but could not survive against Government OMCs like IOCL, HPCL and BPCL. The reason behind such failure is the heavy subsidy given by the