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7th Asia Gas Partnership Summit 2012          © OECD/IEA 2012
Emerging economies continue to drive global energy demand                 Growth in primary energy demand - by region     ...
There will be large investment needs in IndiaNotably in the power sector                Evolution of Capacity by Fuel  Pow...
Natural gas demand growth comes      mainly from China, Middle East, India                    Natural gas demand by select...
Global gas resources represent 250 years of current gas production Natural gas can enhance security of supply: global res...
Unconventional gas profoundlyaffected gas markets                   US gas production forecasts (EIA)   US shale gas prod...
Divergence of regional pricesWill expanding LNG trade lead to more competitive gasmarkets? Most prices are on an upward t...
Concluding Remarks International gas prices likely to rise Gas will play an important role in India’s energy  mix Mobil...
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Recent changes in global gas markets, implications and challenges for India

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Gas can provide India with a relatively reliable energy resource, IEA Executive Director Maria van der Hoeven has said.

Speaking in New Delhi on 23 March at the 7th Asia Gas Partnership Summit, she noted that although coal will be central to Indian power generation for the foreseeable future, domestic production will struggle to keep pace, as will infrastructure for imports and distribution.

“Increasing the share of gas as well as other sources, in particular renewables, will be good for Indian energy security,” Ms van der Hoeven said. “This will also have environmental benefits, not just in terms of atmospheric carbon dioxide levels, but also for the millions of people affected by local pollution.”

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Recent changes in global gas markets, implications and challenges for India

  1. 1. 7th Asia Gas Partnership Summit 2012 © OECD/IEA 2012
  2. 2. Emerging economies continue to drive global energy demand Growth in primary energy demand - by region 16961 mtoe 4 500Mtoe 4 000 China 3 500 India 3 000 Other developing Asia 2 500 Russia Middle East 2 000 Rest of world 1 500 OECD 1 000 500 0 2010 2015 2020 2025 2030 2035  Global energy demand increases by one-third from 2010 to 2035, with China & India accounting for 50% of the growth © OECD/IEA 2012
  3. 3. There will be large investment needs in IndiaNotably in the power sector Evolution of Capacity by Fuel Power needs in India will triple over the projection period, implying significant investments in the power sector © OECD/IEA 2012
  4. 4. Natural gas demand growth comes mainly from China, Middle East, India Natural gas demand by selected region in the New Policies Scenario, 2009 and 2035 1 000 Additionabcm to 2035 800 2009 600 400 200 0 North European Middle Russia China India Japan America Union East Gas demand grows fastest in the non-OECD regions, led by China, which accounts for more than a quarter of the worldwide increase in demand between 2009 & 2035 © OECD/IEA 2012
  5. 5. Global gas resources represent 250 years of current gas production Natural gas can enhance security of supply: global resources exceed 250 years of current production Thanks to unconventional gas, gas resources are more homogenously spread between regions © OECD/IEA 2012
  6. 6. Unconventional gas profoundlyaffected gas markets US gas production forecasts (EIA) US shale gas production rose from 20 bcm in 2005 to reach 140 bcm in 2010 Shale gas now represents over 20% of US gas production, and has been the main driver behind the 100 bcm increase of US gas output over the past 5 years US shale gas is expected to be the major driver behind US gas production growth And the United States is now looking at exporting LNG © OECD/IEA 2012
  7. 7. Divergence of regional pricesWill expanding LNG trade lead to more competitive gasmarkets? Most prices are on an upward trend, except in North America Japanese prices increase sharply due to rising oil prices and tightening gas markets The US remains disconnected from other markets © OECD/IEA 2012
  8. 8. Concluding Remarks International gas prices likely to rise Gas will play an important role in India’s energy mix Mobilizing investment will be crucial  Stable and predictable investment and regulatory framework needed  Functioning market price signals © OECD/IEA 2012

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