| 来源类型 | Papers
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| 规范类型 | 报告
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| DOI | https://doi.org/10.26889/9781784670269
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| Gas Pricing Reform in India – Implications for the Indian gas landscape |
| Anupama Sen
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| 发表日期 | 2015-04-15
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| 出版年 | 2015
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| 页码 | 8
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| 语种 | 英语
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| 概述 | Most discussion on the future of the market for internationally traded gas focuses on the ‘swing towards Asia’. Specifically, China and India, the world’s two most populous nations, are frequently highlighted as major drivers of future demand. Yet, there is considerable ambiguity over the assumptions underpinning this observation, particularly with regards to India. In fact, […] |
| 摘要 | Most discussion on the future of the market for internationally traded gas focuses on the ‘swing towards Asia’. Specifically, China and India, the world’s two most populous nations, are frequently highlighted as major drivers of future demand. Yet, there is considerable ambiguity over the assumptions underpinning this observation, particularly with regards to India. In fact, despite several years of relatively high economic growth in the last decade, it is difficult to make a confident and accurate assessment of India’s potential as a major Asian gas market. Official government forecasts carried out within a central planning framework tend to be overly optimistic, whereas projections by multilateral organisations tend to be cautious but confused. The reason for this lack of clarity is that the Indian gas sector is broadly characterised by two moving parts: one which has prices and quantities set by the Indian government, and another which utilises gas at market (LNG import) prices. Additionally, there is some overlap between the two, further complicating attempts to assess these as separate markets. The lack of a clear pricing signal therefore makes it difficult to determine future levels of demand.
This paper analyses whether or not recent reforms to the pricing of domestic gas could potentially change the Indian gas landscape by making price signals clearer. It investigates three important questions: First, could gas pricing reforms reverse the recent decline in domestic production? Second, could they lead to new upstream investments in gas? Finally, what is the impact of the reforms on downstream consuming sectors? The paper begins with an analysis of the 2014 gas pricing reform, followed by an overview of demand, supply and consumption. It then delves into the three broad questions posed above, and concludes with observations on whether reforms to gas ‘price formation’ (as opposed to ‘price level’) in India are in fact achievable, or whether they will continue to elude successive governments, and on whether India can ever be Asia’s next gas market ‘Goliath’.
Executive Summary |
| 主题 | Country and Regional Studies
; Energy Economics
; Energy Policy
; Gas Programme
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| 关键词 | Coal
Fertilizer
Gas price reform
Imports
India
LNG
NG 96
NG96
Pipelines
Power
Subsidies
Taxes
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| URL | https://www.oxfordenergy.org/publications/gas-pricing-reform-in-india-implications-for-the-indian-gas-landscape/
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| 来源智库 | Oxford Institute for Energy Studies (United Kingdom)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/312361
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推荐引用方式
GB/T 7714 |
Anupama Sen. Gas Pricing Reform in India – Implications for the Indian gas landscape. 2015.
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文件名：
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NG-96.pdf
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格式：
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Adobe PDF
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