India’s natural gas future amid changing global energy dynamics
This study discusses what it means to be a gas-based economy in the Indian context. It presents insights on gas penetration across sectors, requirements for gas infrastructure and investment, employment opportunities, implications on import bills, and emission reduction in each scenario. The study highlights the implication of a changing global gas price dynamics on India’s ambition of being a gas-based economy using integrated assessment-based scenario analysis. It explores four scenarios for natural gas in India: (i) ‘High Gas Price’ (HGP) scenario that is also our Reference sc; (ii) ‘Low Gas Price’ (LGP) scenario; (iii) ‘Uniform Pooled Price’ (UPP) scenario (for testing an alternative gas allocation policy); and (iv) ‘Low-carbon 2-degree’ scenario, for reflecting a low carbon world.