印度LNG市場評估：基礎設施（LNG液化廠、LNG再氣化設施、LNG運輸船）、最終用戶（發電、工業、住宅和商業等）和地區的機會和預測（2018-2032年）

印度LNG市場規模預計將從2024年的158.6億美元成長到2032年的264.1億美元，預測期內年複合成長率為 6.58%。

印度對LNG的需求源自於多種因素，包括工業發展和人口持續成長。天然氣是傳統燃料的替代品，對於最大限度地減少碳足跡非常重要。此外，根據Energy Economics & Financial Analysis，印度計劃大幅增加其天然氣佔有率，目標是到2030年達到 500 MMSCMD（百萬標準立方英尺/天）。這需要印度天然氣消費量在2023-2024年度從目前的185 MMscfd大幅增加170%以上。

由於國內產量無法滿足需求，印度嚴重依賴LNG進口。因此與外國簽訂長期合約，以在動盪的全球市場中保證能源安全和價格穩定。

本報告調查了印度LNG市場，提供了市場定義和概述、市場規模趨勢和預測、各個細分市場和地區的詳細分析、行業結構以及影響市場成長的因素分析等。

目錄

第1章 專案範圍與定義

第2章 研究方法

第3章 執行摘要

第4章 顧客回饋

• 產品與市場情報
• 做出購買決定時考慮的因素
• 供應鏈管理
• 供需機制
• 購買通路

第5章 印度LNG市場展望

• 市場規模分析與預測
• 市場佔有率分析/預測
  • 依基礎設施分類
  • 依最終用戶
  • 依地區
  • 公司市場佔有率分析
• 市場地圖分析

第6章 供需分析

第7章 進出口分析

第8章 價值鏈分析

第9章 波特五力分析

第10章 PESTLE分析

第11章 價格分析

第12章 市場動態

• 市場驅動因素
• 市場挑戰

第13章 市場趨勢與發展

第14章 個案研究

第15章 競爭態勢

• 前5名市場領導者的競爭矩陣
• 前5名的公司的SWOT 分析
• 前10名主要企業狀況
  • GAIL (India) Limited
  • Petronet LNG Limited
  • Oil India Limited
  • Adani Total Gas Ltd. (ATGL)
  • Oil and Natural Gas Corporation (ONGC)
  • Indian Oil Corporation Ltd. (IOCL)
  • Bharat Petroleum Corporation Ltd. (BPCL)
  • Shell Energy India Private Ltd.
  • GSPC LNG Limited
  • Essar Ports Limited

第16章 策略建議

第17章 關於本公司/免責聲明

India LNG market is expected to observe a CAGR of 6.58% during the forecast period FY2025- FY2032, rising from USD 15.86 billion in FY2024 to USD 26.41 billion in FY2032. The necessity for LNG in India expedited for several reasons, including industrial growth and a continuous population increase. Natural gas is regarded as an alternative to traditional fuels, which is essential to minimizing carbon footprint. Additionally, as per the Institute for Energy Economics & Financial Analysis, India is planning for a surge in the natural gas proportion with a goal of 500 million metric standard cubic meters/day (MMSCMD) by 2030. This requires a huge growth of more than 170% in a short period of time from India's current natural gas consumption status of 185 MMSCMD in FY2023-FY2024.

With local production failing to fulfill the demand, India relies significantly on LNG imports, thereby making long-term contracts with foreign nations to assure energy security and price stability in turbulent global markets, which in turn is expected to aid India's growth in the LNG market over the forecast years.

Rise in Need for Environment-friendly Fuel is Significantly Boosting the Market Growth

The need for environmentally friendly fuel is pushing the demand for LNG in India. With the authorities aiming to raise the level of LNG by 2030, it is positioned as an essential alternative to standard fuels. It may replace diesel and petrol in transportation, thereby decreasing reliance on imported crude oil. Infrastructure development, blended with economical pricing, is vital for more LNG adoption as it promotes India's shift to an environmentally friendly fuel-based economy.

For instance, in May 2024, Shell Energy India Pvt Ltd. announced plans to expand its business by supplying LNG as a transportation fuel and cooperating with other companies for the development of LNG infrastructure. Shell opened a truck loading facility at its Hazira LNG terminal, which will allow Shell to provide green energy to more off-grid customers. In addition, increasing fuel options for heavy-duty fleets will, in turn, help Shell play its part in reducing toxic emissions and transitioning to a gas-powered economy.

LNG Consumption in the Fertilizer Sector is Accelerating the Market Growth

The increasing demand for LNG in India's fertilizer sector has contributed significantly to the growth of the LNG market. Moreover, the use of LNG will increase as the fertilizers sector develops to meet the needs of India's growing population. The development is in line with the government's objective of self-reliance in fertilizer production, which will increase the use of LNG in the near future.

In July 2024, total natural gas consumption in India stood at 6,120 cubic millimeters (mm3). According to the information from the Petroleum Planning Analysis Cell, the fertilizer industry is the largest user, accounting for 29% of total consumption, followed by City Gas Distribution (CGD) at 21%, energy at 12%, refineries at 9%, and petrochemicals at 5%.

Increase in Number of LNG Regasification Plants is Expediting Market Growth

LNG consumption in India is being strengthened by the increasing number of regasification plants. With the emergence of new facilities, the country's ability to import and process LNG will increase, resulting in increased energy demand in energy, fertilizers, and other industries.

For instance, in March 2022, Western Concessions Pvt Ltd, a wholly owned subsidiary of H-Energy (formerly H-Energy Gateway Pvt Ltd), constructed India's first Floating Storage and Re-Gasification Unit (FSRU)-based LNG storage terminal in India at Jaigarh Port in Ratnagiri District, Maharashtra.

The project was implemented in two phases, consisting of an FSRU, which has a production capacity of 6.0 million metric tonnes per annum (MMTPA) and had already been produced and tested, and an onshore LNG terminal with a final capacity of 8.0 MMTPA.

After the completion and stabilization of the first phase, the second phase was implemented. Moreover, the LNG terminal at Jaigarh is connected to the national gas grid at Dabhol, which passes through a 56 km-long natural gas pipeline. The project aligned perfectly with the government's intention to increase the share of natural gas in the country's energy mix, thereby supporting India's goal of establishing energy security.

Government Initiatives are Amplifying Market Prosperity

The Indian government is actively promoting the use of LNG by supporting various projects. The aim is to increase the share of LNG in the energy mix by 2030. With the use of LNG in the country's energy mix, it has seen huge improvements in energy security, a reduction in greenhouse gas emissions, and the transition to a gas-based economy.

For instance, in December 2023, the Indian government announced that it is expanding its LNG ambitions by commissioning a long-range liquid gas pipeline, Indian Oil Corporation (IOC)'s Ennore-Tuticorin pipeline. It will improve gasification capacity and aid in the expansion of LNG infrastructure. At the same time, it abides by the government's ambition to increase the share of natural gas within the energy mix to ensure energy security by supporting cleaner energy and preparing for a greener future.

Western India to Lead the Market Significantly

The LNG market is dominated by western India due to better pipeline connectivity and infrastructure. In Gujarat and Maharashtra, the consumption levels are highest, supported by the Indian government's development of a national gas pipeline grid.

Currently, there is a handful of LNG-receiving terminals that are operational to meet the country's increasing energy demand, such as Dahej, Hazira, Mundra in Gujarat, Dhabol in Maharashtra, etc. Since India aims to increase the share of natural gas, the focus on expanding infrastructure for LNG in the region is expected to support and boost LNG consumption.

The natural gas markets remain largely confined to the states closer to pipeline infrastructure. Hence, Western India enjoys several connectivity advantages and will continue to do so over the forecast years.

Future Market Scenario (FY2025 - FY2032)

India's LNG imports are expected to double by 2030, reaching over 40 million metric tons per year, due to the continuous rise in demand from the electricity, manufacturing, and transportation sectors. It, in turn, is expected to cater to extensive opportunities for market expedition over the forecast years.

The growing demand for LNG from different sectors contributes to its growth, like authorization of City Gas Distribution (CGD) structure development allocated by the Petroleum and Natural Gas Regulatory Board (PNGRB), which, in turn, is anticipated to result in ample opportunities for market growth in the future.

Moreover, substantial investments in research and development by the Indian government to develop highly advanced LNG technologies are expected to lead to ample growth for the market in the forecast years.

Key Players Landscape and Outlook

LNG market players in India are competing among themselves to gain a significant edge in the market. Moreover, India aims to reduce its dependence on fossil fuels by constructing LNG terminals, such as Hazira LNG Terminal, Dhamra LNG Terminal, Kochi LNG Terminal, etc., thereby contributing to sustainable development.

The Indian government, for instance, aims to raise the share of natural gas in the country's energy balance as a part of its effort to decrease dependence on fossil fuels. Other new LNG terminals are under construction and are expected to add to India's LNG import capacity.

The Indian government is developing small-scale LNG units to help ensure cleaner energy access in those areas without pipeline infrastructure, thus encouraging the utilization of LNG in many sectors and meaningfully contributing toward the country's energy transition.

In August 2024, GAIL (India) Limited announced that it would begin importing liquefied natural gas in two new contracts that will start in 2026. The company has signed deals to import 1 million tons of LNG annually from Dutch trader Vitol and 0.5 million tons a year from UAE's Abu Dhabi National Oil Company (ADNOC) Gas for a ten-year period. To import this LNG, GAIL has added a new cryogenic ship to its list. It is aimed at promoting energy security and maintaining a sustainable environment.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Product and Market Intelligence
• 4.2. Factors Considered in Purchase Decisions
  • 4.2.1. Calorific Value
  • 4.2.2. Contract Terms
  • 4.2.3. Lead Time
  • 4.2.4. Order Quantity
  • 4.2.5. Safety Measures
  • 4.2.6. Infrastructure Capability
• 4.3. Supply Chain Management
• 4.4. Demand and Supply Mechanism
• 4.5. Channel of Purchase

5. India LNG Market Outlook, FY2018-FY2032F

• 5.1. Market Size Analysis & Forecast
  • 5.1.1. By Value
  • 5.1.2. By Volume
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By Infrastructure
    • 5.2.1.1. LNG Liquefaction Plants
    • 5.2.1.2. LNG Regasification Facilities
    • 5.2.1.3. LNG Shipping
  • 5.2.2. By End-use
    • 5.2.2.1. Power Generation
    • 5.2.2.2. Industrial
    • 5.2.2.3. Residential and Commercial
    • 5.2.2.4. Others
  • 5.2.3. By Region
    • 5.2.3.1. North
    • 5.2.3.2. South
    • 5.2.3.3. East
    • 5.2.3.4. West and Central
  • 5.2.4. By Company Market Share Analysis (Top 5 Companies and Others - By Value, FY2024)
• 5.3. Market Map Analysis, FY2024
  • 5.3.1. By Infrastructure
  • 5.3.2. By End-use
  • 5.3.3. By Region

6. Demand Supply Analysis

7. Import and Export Analysis

8. Value Chain Analysis

9. Porter's Five Forces Analysis

10. PESTLE Analysis

11. Pricing Analysis

12. Market Dynamics

• 12.1. Market Drivers
• 12.2. Market Challenges

13. Market Trends and Developments

14. Case Studies

15. Competitive Landscape

• 15.1. Competition Matrix of Top 5 Market Leaders
• 15.2. SWOT Analysis for Top 5 Players
• 15.3. Key Players Landscape for Top 10 Market Players
  • 15.3.1. GAIL (India) Limited
    • 15.3.1.1. Company Details
    • 15.3.1.2. Key Management Personnel
    • 15.3.1.3. Products and Services
    • 15.3.1.4. Financials (As Reported)
    • 15.3.1.5. Key Market Focus and Geographical Presence
    • 15.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 15.3.2. Petronet LNG Limited
  • 15.3.3. Oil India Limited
  • 15.3.4. Adani Total Gas Ltd. (ATGL)
  • 15.3.5. Oil and Natural Gas Corporation (ONGC)
  • 15.3.6. Indian Oil Corporation Ltd. (IOCL)
  • 15.3.7. Bharat Petroleum Corporation Ltd. (BPCL)
  • 15.3.8. Shell Energy India Private Ltd.
  • 15.3.9. GSPC LNG Limited
  • 15.3.10. Essar Ports Limited

Companies mentioned above DO NOT hold any order as per market share and may be changed as per information available during research work.

16. Strategic Recommendations

17. About Us and Disclaimer

List of Tables

• Table 1. Pricing Analysis of Products from Key Players
• Table 2. Competition Matrix of Top 5 Market Leaders
• Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. India LNG Market, By Value, In USD Billion, FY2018-FY2032F
• Figure 2. India LNG Market, By Volume, In Million Tons, FY2018-FY2032F
• Figure 3. India LNG Market Share (%), By Infrastructure, FY2018-FY2032F
• Figure 4. India LNG Market Share (%), By End-use, FY2018-FY2032F
• Figure 5. India LNG Market Share (%), By Region, FY2018-FY2032F
• Figure 6. By Infrastructure Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 7. By End-use Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 8. By Region Map-Market Size (USD Billion) & Growth Rate (%), FY2024