Insight
Who wins as India's domestic gas surges?
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The much-awaited surge in supply from Reliance and BP’s deepwater projects is here. Additional volumes are on the way from ONGC and Vedanta during 2021-22. Buyers are delighted, as new domestic supply offers optionality at a time of record LNG prices. Upstream players are expected to make returns that they wouldn’t have imagined 12-15 months ago. Gas buyers and aggregators are making the most of this opportunity to boost margins and create a portfolio of low-cost gas supply.
Table of contents
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Executive summary
- Better late than never - domestic supply growth materialises
- Why domestic gas is able to compete against spot LNG
- 1) Enhanced domestic gas marketing practices
- 2) Favourable domestic gas pricing mechanisms
- The importance of the ceiling price
- 3) A unified pipeline tariff regime
- Buyers riding the wave of ample and cheap domestic gas
- Beyond 2025 – a return to the norm?
Tables and charts
This report includes the following images and tables:
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Gas production by shore statusGas production by company (net)Price and cost of supply comparison
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Delivered gas prices to Gujarat from different supply source (2021) with or without unified tariff policyDelivered price comparison (2021) of competing fuelsPercentage share of overall gas supply mix (2020-2030)
What's included
This report contains:
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