Natural gas, LNG to play support role in meeting India’s increasing energy needs

India’s energy balance is fundamentally changing due to the adoption of market-based economics, rapid economic growth, and a shift away from traditional biomass energy sources.Natural gas and LNG show promise as energy sources that can provide a clean, efficient solution to India’s energy demand.However, there are challenges to increasing the supply of natural gas in India. These include a lack of foreign investment and necessary infrastructure, remnants of nonmarket pricing policies, and difficulties in negotiations with foreign suppliers and transit countries such as Bangladesh, Iran, and Pakistan.To address these challenges, India has begun to encourage competitive pricing,...

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