Tapping growth potential in the Indian hydrocarbon value chain

Size: px
Start display at page:

Download "Tapping growth potential in the Indian hydrocarbon value chain"

Transcription

1 Tapping growth potential in the Indian hydrocarbon value chain

2 2

3 1 Pg.6 Energy demand scenario in India: an overview Pg.1 India s midstream oil and gas sector 2 Pg.8 India s upstream oil and gas sector Contents Pg.18 India s downstream oil and gas sector

4 Energy demand scenario in India: an overview Energy demand scenario in India: an overview India is one of the world s largest energy consumers, but its per capita energy consumption is significantly lower than the global average, which indicates significant growth potential. India is one of the largest energy consumers in the world, but its per capita energy consumption 5 kg of oil equivalent (kgoe) is significantly lower than the global average (1,8 kgoe), which indicates the growth potential of energy demand in the country 1. According to the International Energy Agency, India will need investments worth nearly US$6 billion over across various segments of its hydrocarbon chain to increase its energy supply and improve the infrastructure to enable this. 2 This provides ample opportunities for companies across the hydrocarbon value chain. India had one of the highest growth rates in oil and gas consumption in the world, growing at a compound annual growth rate (CAGR) of 6.5% over to reach million tons (MT) of oil equivalent (MTOE). As is evident from Exhibit 2, while oil and gas consumption in some of the major economies decreased due to the recession, it was on the rise in India. Over the last few years, the growth rate of the country s gross domestic product (GDP) has been one of the highest in the world. Although the recent financial crisis resulted in a slowdown in its industrial activities, India s real GDP is expected to grow by 9.2% in FY11 and 8.8% in FY12. This is likely to result in a rise in energy consumption and an increased need for investments in the energy industry. Coal, oil and natural gas are the major sources of primary energy in India, with coal accounting for the highest share of its primary energy mix (52.%). Oil and natural gas account for 1.7% and 1%, respectively, of the country s primary energy consumption. The share of Exhibit 1. Primary energy mix, 29 India Nuclear 1% Coal 52% Hydroelectric 5% Oil 2% oil in India s primary energy mix is at par with the global average. However, that of natural gas is significantly lower than the global average due to supply-side constraints. In coming years, the share of gas is expected to increase due to the rise in gas supplies. Global Nuclear 5% Coal 29% Hydroelectric 7% Oil 5% Exhibit 2. Growth in oil and gas consumption 1 Year-on-year growth (%) India China Japan Germany US World Source: BP Statistical Review of World Energy June 21 Natural gas 1% Source: BP Statistical Review of World Energy June 21 Natural gas 2% 1 India: Addressing Energy security and climate change, Ministry of environment and forests, Government of India, October 27 2 Addressing The Challenge Of Energy Security, Asian Development Bank website, accessed on April 15, 211 Real GDP to grow by 8.8% in , 9.2% in 21-11, CMIE website, 1 February

5 India s upstream oil and gas sector 2India s upstream oil and gas sector India s efforts to reduce the demandsupply gap in oil and gas provide significant opportunities in the upstream segment. A. Brief overview Growing dependence on imported crude India s crude oil consumption has increased exponentially over the past few years. On the other hand, the country s crude oil production continued to be stagnant, resulting in its increased dependence on crude oil imports. The country produced.7 MT of crude oil in FY1, as compared to MT in FY7. Fueled by strong economic growth, the demand for oil has outpaced domestic production, resulting in an increased dependence on imports. In FY9, commissioning of Reliance Industries (RIL s) export-oriented Jamnagar refinery resulted in increased oil imports. India s crude oil imports, as a percentage of its consumption, increased steadily from 79% in FY7 to 85% in FY1. The country s oil production is expected to rise in the short term, since the production at Cairn Energy s Barmer block in Rajasthan is projected to increase substantially. However, despite this estimated rise in domestic production, the demand for oil is likely to still outpace production, resulting in continued dependence on imported crude oil. Exhibit. Demand-supply scenario of crude oil in million tons FY7 FY8 FY9 FY1 FY11* Consumption Production Imports as a % of consumption Source: Ministry of Petroleum and Natural Gas and Petroleum Planning Analysis Cell *Only till February 211 Exhibit. Natural gas demand-supply scenario mmscmd Imports as a % of consumption FY7 FY8 FY9 FY1 FY11* Demand LNG Domestic production Shortfall Source: Ministry of Petroleum and Natural Gas and Petroleum Planning analysis cell *Production and LNG supplies are only till February 211 Rising natural gas production bridging the demand-supply gap There is a supply-demand imbalance in India s gas market as domestic production levels are not adequate to meet the current demand. Natural gas production was stagnant till FY9, which resulted in an increased dependence on liquefied natural gas (LNG) imports. In FY1, the domestic gas industry received a significant impetus after Reliance Industries began production at its KG-D6 field. India produced around 1.2 million metric standard cubic meters per day (mmscmd) of natural gas, as compared to nearly 9 mmscmd in FY9, a yearon-year (y-o-y) increase of around 5%. During the same period, the shortfall in natural gas supplies came down from 75 mmscmd to 6 mmscmd. Gas production in FY11 (till February) was 11 mmscmd, and 25 mmscmd of LNG was imported by the country. 8 9

6 India s upstream oil and gas sector B. Opportunities i. Unexplored sedimentary basins offer significant scope for exploration and development India has significant potential to discover new oil and gas reserves, since the bulk of its sedimentary area is largely unexplored or inadequately explored. At the end of FY1, exploration had only been initiated in % of the sedimentary basins; 22% of the basins were poorly explored and 12% was unexplored. Additionally, India offers a definite advantage in terms of finding and development costs, which are among the lowest in the world. This is primarily because exploration in the country is typically carried out in relatively softer and shallow rock formations, as compared to that in various other global locations, which are composed of cretaceous, harder and deeper rock. 5 In addition, the Government provides a level playing field for foreign and domestic companies and extends various fiscal incentives under the New Exploration Licensing Policy (NELP) in order to step up domestic production. Two important discoveries made by Cairn Energy and Reliance Industries in the last decade unlocked a wide range of opportunities in India s upstream segment. In 2, Cairn Energy discovered oil reserves in Rajasthan, recording one of the largest onshore oil discoveries in the country; in 22, Reliance Industries made a significant natural gas discovery in the KG-D6 fields. On 21 February 211, Reliance Industries and BP plc. signed a deal to collaborate across the oil and gas value chain in India. BP will give RIL US$7.2 billion for a % stake in 2 production-sharing contracts that include RIL s KG D6 block. In addition, the companies will form a joint venture (JV) to source and market natural gas in India. This is one of the largest foreign direct investments (FDIs) in India till date, which showcases the potential of the Indian upstream industry. 6 ii. Rising demand for oilfield services and equipment The nine rounds of NELP auctions have resulted in increased investment and also seen the growing participation of private players in the county s upstream sector. However, acute shortage of oilfield equipment has hindered growth in the upstream segment. As a result, out of the US$2.7 billion worth of investments committed in the initial seven NELP rounds, only US$7.2 billion has been spent so far. 7 Investments made during NELP IX are likely to exceed the US$1.1 billion investment committed in NELP VIII. 8 The pending exploratory programs of the previous NELP rounds and fresh commitments made in new NELP rounds will require the outlay of significant exploration and development infrastructure, e.g., constructing process platforms, laying pipelines and building collecting stations and other surface facilities to transport oil and gas from the wells to delivery points. This is a significant opportunity for engineering procurement construction (EPC) companies. The Government offered blocks during the ninth round of NELP in October 21. As more blocks are explored, the demand for 2D/D seismic surveys and other geoscientific surveys is also expected to increase. The demand for other infrastructure including drilling rigs, offshore support vessels, tubular goods, pipelines, storage tanks and production platforms is also expected to grow. Furthermore, the increase in exploratory activities is expected to affect the country s market for rigs. India is one of the countries that uses the highest number of rotary rigs worldwide, but the shortfall of rigs in the country is a serious problem. The absence of un-contracted rigs in the Indian Ocean and idle rigs in some parts of the world may navigate the movement of rigs closer to Indian shores, which should result in the offshore rig count in India increasing in the near term. 9 The number of exploratory and development wells drilled in India rose steadily to 28 in FY1 from 1 in FY6. The number is likely to increase over the next few years. The number of rotary rigs used to drill oil and gas in the country is among the highest in the world. In March 211, 11 rigs (9.85%) were deployed in India out of the 1,17 operational rotary rigs in the world. DGH 29-1 Annual report 5 India oil and gas Macquarie Equities Research, 17 June 21, via Thomson Research 6 Reliance Industries Limited and BP to participate across the gas value chain in India, BP press release, 21 February India Oil and Gas, Macquarie Equities Research, June 21, via Thomson Research 7 India oil and gas Macquarie Equities Research, 17 June 21, via Thomson Research 8 Global energy giants stay away from NELP IX, The Hindu, 29 March 211, via Dow Jones Factiva, 211 Kasturi & Sons Ltd 1 11

7 India s upstream oil and gas sector iii. Development of shale gas and coal bed methane The opportunity to explore and develop unconventional energy sources, such as shale gas and coal bed methane (CBM), in India are available to both foreign and domestic players. It is estimated that there are significant shale gas reserves in the Cambay, Damodar, Krishna Godavari and Cauvery basins. According to industry estimates, Damodar and Cambay basins have preliminary shale gas reserves of between 5 and 9 trillion cubic feet. However, additional and extensive studies need to be carried out to gauge the true extent of the country s shale reserves. India signed an agreement with the US in 21 for cooperation on the former s research on shale gas reserves. Although current NELP rounds do not cover shale gas resources, bidding on shale gas is expected to commence toward the end of This will provide opportunities for companies with experience in technical assessment of shale reserves and those with technology to reduce development and production costs. 11 India has the world s fourth-largest proven coal reserves. The country has significant potential for exploration and production of CBM. Currently, exploration has only begun in 52% of the 26, square kilometers of sedimentary area. 12 Many companies, including ONGC, Essar Oil and Great Eastern Energy Corporation Limited (GEECL), have committed substantial investments on CBM exploration and production over the next few years. India has prognosticated CBM reserves of nearly 161 TCF. The bulk of these reserves are located in Jharkhand, Chhattisgarh, Orissa and Madhya Pradesh although most of these regions do not have natural gas pipeline connectivity at present. Commercial production of CBM is expected to provide an impetus for the local economy of these regions. Furthermore, production of CBM will help to reduce green house gases and earn carbon credits, since it prevents methane from operating mines from escaping into the atmosphere. Moreover, extraction of methane helps to increase coal production and ensure safe operating conditions in such mines by keeping methane levels low. 1 iv. Heightened focus on enhanced oil recovery (EOR)/improved oil recovery (IOR) projects Crude production in India increased after Cairn Energy ramped-up production from its Barmer fields last year. However, majority of India s producing basins have begun to mature with their production either peaking or beginning to decline. For instance, production from onshore blocks in Gujarat steadily declined to 5.9 MT in FY1 from 6.2 MT in FY6 1 Gujarat accounts for around 2% of India s total oil production. Production is also declining in other regions, particularly in the North East. Therefore, the deployment of EOR/ IOR techniques has become crucial for arresting a decline in production and extending the economic life of a field. This provides opportunities for companies specializing in deploying secondary and tertiary forms of oil recovery procedures. For instance, ONGC is investing in IOR projects to offset the decline in production levels in its maturing fields. 15 The company invested INR1 billion (US$.7 billion) in IOR/EOR projects In This has enabled it to improve the recovery factor in its 15 major fields to.5% in FY1 from 27.5% in FY First round of shale gas bids by end-211, Business Line, 19 October 21, via Dow Jones Factiva, The Hindu Business Line. 11 India, U.S. to cooperate on clean energy, shale gas, Reuters, 8 November 21, via Dow Jones Factiva, 21 Reuters Limited. 12 ONGC starts ouput of CBM in Jharkhand, Financial Chronicle, 1 January 211, 1 via Dow Jones Factiva, Copyright 211. Deccan Chronicle Holdings Ltd. 1 CBM, DGH website, accessed April 19, Basic Statistics On Indian Petroleum & Natural Gas, 29-1, Ministry of Petroleum and Natural Gas, Government of India 15 INTERVIEW: ONGC director says maintaining current output a challenge, NewsWire18, 18 November 29, via Dow Jones Factiva, 29 NewsWire18 Ltd. 16 ONGC to invest Rs 5, cr in oil, gas fields, The Press Trust of India Limited, 1 October 29, via Dow Jones Factiva, 29 Asia Pulse Pty Limited. 17 ONGC AGM approves aggregate dividend of Rs per share for FY 1, ONGC Videsh Limited Press release, ongcindia.com/, 2 September

8 India s midstream oil and gas sector India s midstream oil and gas sector 18 Basic Statistics On Indian Petroleum & Natural Gas, Ministry of Petroleum and Natural Gas, Government of India, Gas pipeline networks in India, Petroleum Planning Analysis Cell The need for additional gas supplies calls for more LNG re-gasification and transmission capacity. A. Brief overview At the end of FY1, India had a network of 19,1 km of crude and product pipelines with a capacity of around 16 million tons per annum (MMTPA). Indian Oil Corporation (IOCL) holds the majority share of the transport pipelines and the rest is held by other government-owned petroleum companies such as OIL India, ONGC, BPCL and HPCL. 18 The country currently has a natural gas transmission network of about 11, km, with GAIL accounting for nearly 8, km of this network. The remaining network belongs to Reliance Gas Transportation Infrastructure Limited (RGTIL), Gujarat State Petronet Limited (GSPL), Assam Gas Company and OIL India. 19 While India s crude and product pipeline capacity is reasonably adequate, it has inadequate gas pipeline infrastructure. The country has a very low pipeline penetration as compared to the rest of the world. India currently has three LNG regasification terminals, out of which one each at Dahej and Hazira are operational. The Dahej LNG terminal has a capacity of 1 MMTPA and Hazira a capacity of.7 MMTPA. The third terminal at Dabhol, with a capacity of 5 MMTPA, is expected to be operational by the end of 211. In addition, new LNG terminals are planned in Kochi, Ennore and Mundra. Although LNG imports have increased over the years, its share in total gas supplies has decreased. This is mainly due to the increase in domestic gas production and transmission capacity constraints. However, this trend is likely to reverse over the long term due to increased domestic demand and the inability of domestic production to satisfy the demand. Exhibit 5. Trend of LNG imports mmscmd FY7 FY8 FY9 FY1 FY11* LNG imports Source: Petroleum Planning analysis cell *Only till February 211 B. Opportunities i. Expansion of LNG capacity Over the next few years, domestic gas supplies are expected to increase significantly due to additional supplies from the KG-D6 field and ONGC and Gujarat State Petroleum s new gasfields. However, demand is expected to grow in the country at a much higher rate, since major consumers such as fertilizer units and power plants are switching to natural gas from naphtha. As a result, the demand for LNG is expected to remain high, which is likely to lead to capacity augmentation of existing LNG terminals as well as commissioning of new ones. LNG supplies are estimated to account for around 26% of the total demand for natural gas by FY2. The expansion of existing LNG terminals and commissioning of new terminals LNG imports as a % of domestic supplies LNG imports as a % of domestic supplies at Kochi, Ennore, Mundra and Dabhol are expected to result in an increase in supply. Despite the increase in LNG re-gasification capacity in the country, it may continue to witness a shortage of natural gas. According to industry estimates, India is expected to face shortage of gas of 1 1 mmscmd by FY2, which is more than current domestic production levels. This shortfall can be met by setting up additional LNG terminals or transnational pipelines. In the current scenario, LNG terminals are more attractive as geopolitical factors, and disagreements on gas pricing may discourage investments in transnational pipelines. Therefore, ramping up additional LNG capacities may be a long-term solution for increasing gas supplies in India. Furthermore, the increase in LNG re-gassification capacity is expected to create opportunities for companies operating LNG terminals and providing EPC services. Petronet LNG currently operates an LNG regasification terminal at Dahej. It began operations in FY6 with an initial capacity of 5 MMTPA, which was expanded to a capacity of 1 MMTPA in FY1. The scarcity of domestic gas supplies has helped the company to increase its throughput from.9 MMTPA in FY6 to 8.7 MMTPA in FY11. It plans to begin operations at its Kochi terminal in FY12. Consequently, it is expected to have a cumulative regasification capacity of 15 MMTPA by FY

9 India s midstream oil and gas sector ii. Need for robust pipeline infrastructure Some of the main drivers of the Indian natural gas market include pricing, pipeline infrastructure, regulatory reforms and customer demand. Gas prices in India are gradually shifting from government-controlled administered prices toward a marketdetermined pricing mechanism. The Petroleum and Natural Gas Regulatory Board (PNGRB) is in the process of strengthening the country s regulatory framework. There has also been an evident shift of major consumers to the natural gas market. Therefore, there is an urgent need to improve pipeline infrastructure in the country. India has a limited gas transmission network, primarily due to a shortage in the availability of gas supplies and the regional concentration of gas sources (in the western region). However, the supply situation is changing with increasing gas production on the eastern coast as well as an increase in LNG capacity. While total natural gas supplies are likely to increase to 1 mmscmd in FY2 from 166 mmscmd in FY1, the demand is likely to increase to 5 mmscmd in FY2 from 225 mmscmd in FY1. 2 The PNGRB is inviting bids for laying transmission pipelines across the country to link the supply centers to the major demand centers. The Board invited an expression of interest (EoI) for laying two pipelines in December 21. Bids were invited for a pipeline from Chennai to Nellore and another from Kakinada to Visakhapatnam and Srikakulam. 21 Companies such as GAIL and RGTIL are also planning aggressive pipeline capacity additions. 22 Major investments in this segment will provide ample opportunities for gas transmission, EPC and pipeline-manufacturing companies. GAIL was the first company to lay a cross-country pipeline in India. It currently has a pipeline network of nearly 8, km with a transmission capacity of 157 mmscmd. The country s longest pipeline Hazira-Vijaipur-Jagdhishpur is operating at 1% capacity and is therefore unable to handle additional gas supplies. Over the next few years, GAIL plans to significantly increase its investments to increase its transmission capacity. In October 21, a GSPL-led consortium won the rights for laying two cross-country pipelines, which are yet to be awarded. The consortium, comprising GSPL, IOCL, BPCL and HPCL, won the pipeline project, which included the Mallavaram-Bhilwara project and the Mehsana-Bhatinda project. iii. Setting up of strategic crude oil reserves and petroleum product storage infrastructure Oil-refining companies maintain a crude oil inventory of around two weeks. However, this is only for operational purposes and cannot be classified as strategic reserves. India plans to construct strategic crude storage reserves of around 15 MT to protect against possible disruption of supplies. Three underground storage reserves, with a cumulative capacity of 5. MT, are being constructed during the first phase. Indian Strategic Petroleum Reserves Limited (ISPRL) is constructing the reserves at Visakhapatnam (1. MT), Mangalore (1.5 MT) and Padur (2.5 MT). This will be sufficient to meet the country s oil requirements for around 1 days. 2 However, this storage capacity is small compared to global standards. For instance, strategic petroleum reserves in the US have a 9-day stockpile. Furthermore, the recent upheavals in the Middle East have again highlighted the importance of having sufficient crude oil storages. The Government is open to the idea of setting up secondary storage infrastructure in addition to that maintained by the refining companies. These can be constructed by using public private partnership (PPP) mode. 2 This will provide opportunities for EPC contractors, oil traders and financing companies. 2 Report of Working Group on Petroleum & Natural Gas Sector for the XI Plan, Ministry of Petroleum & Natural Gas and Exploring opportunities growth potential in the Indian natural gas market, Ernst & Young, October 21, via GRAD. 21 PNGRB INVITES BIDS FOR GAS PIPELINE, India Business Insights, 29 December 21, via Dow Jones Factiva, Informatics (India) Ltd. 2 India to have strategic oil reserve by October 211, The Press Trust of India, 15 April 21, via Dow Jones Factiva, 21 Asia Pulse Pty Limited. 2 Report of the working group on petroleum and natural gas sector for the XI plan, Ministry of Petroleum and Natural Gas, November GAIL gas tariffs set to rise %, DNA India, 21 April 21, via Dow Jones Factiva, 21 Diligent Media Corporation Limited

10 India s downstream oil and gas sector India s downstream oil and gas sector Growth opportunities exist in oil refining and gas distribution. Exhibit 6. Crude processing of refineries and net export of petroleum products in million tons FY7 FY8 FY9 FY1 FY11* Crude processing Net exports Exports as a % of processing Exports as a % of processing Source: Petroleum Planning Analysis Cell *Only till February 211 A. Brief overview At the end of FY1, there were 2 crude oil refineries operating in India, with an installed refining capacity of 185. MMTPA. Over the past few years, private players have gained in importance in the country s oil-refining sector. Private companies operate three of the refineries mentioned above and have a total installed refining capacity of 72. MMTPA. The remaining 17 refineries, with a refining capacity of 11 MMTPA, are run by state-owned oil refiners. The bulk of the output from PSU refineries is sold in the domestic market and that of private companies is largely exported. In FY1, consumption of petroleum products amounted to 17.8 MMTPA. 25 Currently, India has a surplus refining capacity and is a net exporter of petroleum products. Its net exports of petroleum products, as a percentage of the crude processing capacity of its refineries, increased to around 2% in FY1 from 11.% in FY7. Petroleum exports are a major source of foreign exchange for the Government and amounted to more than INR1,12 billion (US$2. billion) in FY1. The Government is promoting India as a global refining hub. The country offers advantages such as low refinery construction and operating costs and the Government s relaxation of FDI limits is likely to improve investor sentiments in the segment. Moreover, many refineries in developed countries are likely to shut down over the next few years due to environmental pressures they are old and inefficient, which makes it economically unviable to upgrade them. 26 Refining companies in India are aggressively increasing their refining capacity by upgrading their existing facilities and building new grass-root refineries to exploit these opportunities. The upgraded refineries will be able to produce Euro IV- and Euro V-compliant fuels, which can be exported to developed markets in the US and Europe. These refinery projects provide opportunities for EPC contractors and refinery equipment providers. City gas distribution (CGD) was first introduced in Delhi and Mumbai, primarily to reduce air pollution. The success of these projects prompted the Government to promote CGD in other parts of the country. Currently, 1 cities in India are under CGD coverage. Its share in India s total gas consumption increased from % in FY6 to nearly 8% in FY1. 25 Consumption of petroleum products PPAC, accessed on 28 April Europe s oil refining set to shrink, Reuters, March 29, via Dow Jones Factiva, 29 Reuters Limited

11 India s downstream oil and gas sector Since 29, the PNGRB has concluded three rounds of CGD bidding. Bids for eight geographical areas, Asansol- Durgapur (West Bengal), Bhavnagar, Gandhidham-Anjar, Bhuj-Mundra, Jamnagar (Gujarat), Ludhiana, Jalandhar (Punjab) and Panipat (Haryana) were invited in the third round, which ended in February 211. In the fourth round, which is expected soon, bids will be invited for setting up a CGD network in Ernakulam (Kerala); Rangareddy, Medak, Nalgonda and Khammam (Andhra Pradesh); Alibag/Pen, Lonavla/ Khopoli (Maharashtra); Guna (Madhya Pradesh) and Shahjahanpur (Uttar Pradesh). 27 Increasing availability of gas, transmission capacity and environmental concerns are driving CGD projects and the use of compressed natural gas (CNG) as a transportation fuel. The Government is also promoting the supply of piped natural gas (PNG), which will help to reduce the subsidy burden imposed on domestic LPG. The regulator plans to increase CGD coverage from the 1 cities at present to 25 cities by Private companies, as well as PSUs, plan to develop CGD projects that are likely to be implemented in cities, which are located across the transmission pipeline network. Therefore, this industry offers attractive growth opportunities to contractors, distribution pipeline manufacturers, CNG kit suppliers and cylinder manufacturers. The industry is also expected to become a high employment generator and create opportunities to train manpower and upgrade skills suitable for this sector. Exhibit 7. Gas consumption trend in CGD mmscmd FY6 FY7 FY8 FY9 FY1 Consumption % share in India's total gas consumption % share in India's total gas consumption Source: Ministry of Petroleum and Natural Gas 27 PNGRB not to slow down city gas distribution bidding, Business Standard, 15 February 211, via Dow Jones Factiva, 211 Business Standard Ltd. 28 PNGRB 29-1 Annual Report 2 21

12 Our Offices Ajay Arora Partner & National Oil & Gas Leader Ahmedabad 2nd Floor, Shivalik Ishaan Near CN Vidhyalaya Ambawadi Ahmedabad Hyderabad 25, 2nd floor Ashoka Bhoopal Chambers Sardar Patel Road Secunderabad Bengaluru UB City, Canberra Block 12th & 1th floor No.2, Vittal Mallya Road Bengaluru (12th Floor) (1th Floor) Oval Office 18, ilabs Centre Hitech City, Madhapur Hyderabad The Ruby 29 Senapati Bapat Marg, Dadar (W), Mumbai 28 Tel Fax Kolkata 22, Camac Street Block C, rd floor Kolkata Block B-2, 5th floor Nirlon Knowledge Park Off Western Express Highway, Goregaon (E) Mumbai Chennai TPL House, 2nd floor No, Cenotaph Road Teynampet Chennai Mumbai 6th floor & 18th floor Express Towers, Nariman Point Mumbai (6th floor) (18th floor) NCR Golf View Corporate Tower B Near DLF Golf Course, Sector 2 Gurgaon th floor, HT House 18-2 Kasturba Gandhi Marg New Delhi th & 5th Floor, Plot No 2B, Tower 2, Sector 126, NOIDA - 21 Gautam Budh Nagar, U.P. India Pune C-1, th floor Panchshil Tech Park Yerwada (Near Don Bosco School) Pune Dilip Khanna Partner, Transaction Advisory Services dilip.khanna@in.ey.com Devinder Chawla Partner & Leader PI devinder.chawla@in.ey.com Raju Lal Partner, Risk Advisory Services raju.lal@in.ey.com Sanjay Grover Partner, Tax & Regulatory Services sanjay.grover@in.ey.com

13 Ernst & Young Pvt. Ltd. Assurance Tax Transactions Advisory About Ernst & Young Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 11, people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential. Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit Ernst & Young Pvt. Ltd. is one of the Indian client serving member firms of EYGM Limited. For more information about our organization, please visit Ernst & Young Pvt. Ltd. is a company registered under the Companies Act, 1956 having its registered office at 22 Camac Street, rd Floor, Block C, Kolkata Ernst & Young Pvt. Ltd. Published in India. All Rights Reserved. This publication contains information in summary form and is therefore intended for general guidance only. It is not intended to be a substitute for detailed research or the exercise of professional judgment. Neither EYGM Limited nor any other member of the global Ernst & Young organization can accept any responsibility for loss occasioned to any person acting or refraining from action as a result of any material in this publication. On any specific matter, reference should be made to the appropriate advisor. EYIN11-. Tapping growth potential in the Indian hydrocarbon value chain - May indd (India). Artwork by DK. About ASSOCHAM The Associated Chambers of Commerce and Industry of India (ASSOCHAM) acknowledged as Knowledge Chamber of India has emerged as a forceful, pro-active, effective and forward looking institution playing its role as a catalyst between the Government and the Industry. ASSOCHAM was established in 192 and has been successful in influencing the Government in shaping India s economic, trade, fiscal and social policies which will be of benefit to the trade and industry. ASSOCHAM renders its services to over,5, members which includes multinational companies, India s top corporate, medium and small scale units and Associations representing all the sectors of Industry. ASSOCHAM is also known as a Chamber of Chambers representing the interest of more than Chambers & Trade Associations from all over India encompassing all sectors. ASSOCHAM has over 8 Expert Committees covering the entire gamut of economic activities in India. It has been especially acknowledged as a significant voice of Indian industry in the field of Corporate Social Responsibility, Environment & Safety, Corporate Governance, Information Technology, Agriculture, Nanotechnology, Biotechnology, Pharmaceutics, Telecom, Banking & Finance, Company Law, Corporate Finance, Economic and International Affairs, Tourism, Civil Aviation, Infrastructure, Energy & Power, Education, Legal Reforms, Real Estate, Rural Development etc. The Chamber has its international offices in China, Sharjah, Moscow, UK and USA. ASSOCHAM has also signed MoU partnership with Business Chambers in more than 5 countries. D.S. Rawat Secretary General The Associated Chambers of Commerce and Industry of India ASSOCHAM Corporate Office 1, Community Centre, Kailash Colony, New Delhi 118, (Hunting Line), /82, 65697/98 assocham@nic.in, Website:

Business discovery analytics. Advisory, India Analytics

Business discovery analytics. Advisory, India Analytics Business discovery analytics Advisory, India 1 Why analytics? Why analytics? as a business discipline has existed for decades. Its application and acceptance has increased recently because of the pace

More information

Platforms, Pipelines and Plants: Energy Infrastructure in India

Platforms, Pipelines and Plants: Energy Infrastructure in India Presentation to Association of International Petroleum Negotiators Reference Presentation for Circulation Platforms, Pipelines and Plants: Energy Infrastructure in India Mr. Rajiv Luthra Managing Partner

More information

CITY GAS DISTRIBUTION IN INDIA 2014 OIL AND GAS PIPELINES IN INDIA 2014

CITY GAS DISTRIBUTION IN INDIA 2014 OIL AND GAS PIPELINES IN INDIA 2014 FOUR NEW REPORTS LNG IN INDIA 2014 CITY GAS DISTRIBUTION IN INDIA 2014 OIL AND GAS PIPELINES IN INDIA 2014 E&P IN OIL AND GAS 2014 Each report package will have three elements: Research Report (PDF) Presentation

More information

Gas in India Now Available. Sector Overview and Outlook: E&P, LNG, Pipelines and CGD. India Infrastructure Research.

Gas in India Now Available. Sector Overview and Outlook: E&P, LNG, Pipelines and CGD. India Infrastructure Research. Now Available Gas in India 2017 Sector Overview and Outlook: E&P, LNG, Pipelines and CGD Report (PDF) Data-set (Excel) India Infrastructure Research Gas in India 2017 Table of Contents 1. Executive Summary

More information

Telecom analytics. Advisory, India Analytics

Telecom analytics. Advisory, India Analytics Telecom analytics Advisory, India Analytics 2 Telecom analytics Contents Why analytics? 4 Analytics across an enterprise 5 Challenges faced in telecom 6 Where can organisations start? 7 Our services 9

More information

For updated information, please visit November 2017

For updated information, please visit  November 2017 OIL and GAS November 2017 Table of Content Executive Summary...3 Advantage India......4 Market Overview and Trends....6 Porters Five Forces Analysis.......28 Strategies Adopted.... 30 Growth Drivers...33

More information

OIL & GAS NOVEMBER For updated information, please visit

OIL & GAS NOVEMBER For updated information, please visit 1 Executive Summary.....3 Advantage India...4 Market Overview and Trends.6 Porter Five Forces Model....28 Strategies Adopted....30 Growth Drivers...33 Opportunities...41 Success Stories....44 Useful Information.

More information

OIL & GAS For updated information, please visit March 2018

OIL & GAS For updated information, please visit  March 2018 OIL & GAS March 2018 Table of Content Executive Summary...3 Advantage India......4 Market Overview and Trends....6 Porters Five Forces Analysis.......28 Strategies Adopted.... 30 Growth Drivers...33 Opportunities......

More information

LNG Infrastructure & Development. K.K. Sinha Director Essar Ports Ltd.

LNG Infrastructure & Development. K.K. Sinha Director Essar Ports Ltd. LNG Infrastructure & Development K.K. Sinha Director Essar s Ltd. Gas in Global Energy Basket (2016) Million tonnes oil Equ. Gas Consumption (Domestic v/s Trade) Trade Distribution (Pipeline V/s LNG) 592,

More information

PETRONET LNG LIMITED, INDIA Current Activities : Agenda No. 5

PETRONET LNG LIMITED, INDIA Current Activities : Agenda No. 5 PETRONET LNG LIMITED, INDIA Current Activities : Agenda No. 5 44 th MEETING OF GENERAL ASSEMBLY OF THE INTERNATIONAL GROUP OF LIQUEFIED NATURAL IMPORTERS(GIIGNL) VENICE, ITLAY 5-8 October, 2014 OVERVIEW

More information

CEMENT. November 2010

CEMENT. November 2010 CEMENT November 2010 CEMENT November 2010 Contents Advantage India Market overview Investments Policy and regulatory framework Opportunities Industry associations 2 ADVANTAGE INDIA Advantage India India

More information

Chapter: 1.1 Energy Scenario

Chapter: 1.1 Energy Scenario Chapter: 1.1 Energy Scenario Part-I: Objective type questions and answers 1. The energy sources, that are either found or stored in nature are a) Secondary Energy Sources b) Primary Energy Sources c) both

More information

Indonesia s $120 Billion Oil and Gas Opportunity

Indonesia s $120 Billion Oil and Gas Opportunity Indonesia s $120 Billion Oil and Gas Opportunity By Alex Dolya, Asheesh Sastry, Eddy Tamboto, and Fadli Rahman It s a prize within reach: between $90 billion and $120 billion of additional GDP over the

More information

Aegis Logistics Limited. August 2015

Aegis Logistics Limited. August 2015 Aegis Logistics Limited August 2015 Safe Harbour This presentation and the accompanying slides (the Presentation ), which have been prepared by Aegis Logistics Limited (the Company ), have been prepared

More information

India Business Seminar Oil & Gas - Overview, Status and Opportunity

India Business Seminar Oil & Gas - Overview, Status and Opportunity India Business Seminar Oil & Gas - Overview, Status and Opportunity Stavanger Chamber of Commerce 13 th March 2018 Oddmar Johannesen Regional Director Norwegian Energy Partners Non-profit Norwegian based

More information

Partner energetic growth with India's natural gas leader

Partner energetic growth with India's natural gas leader Partner energetic growth with India's natural gas leader With a turnover of US $ 8.9 billion approx. (INR 56,742 crore) GAIL (India) Limited is India's largest natural gas company and ranked among the

More information

Petroleum Planning & Analysis Cell

Petroleum Planning & Analysis Cell Petroleum Planning & Analysis Cell Monthly Report on Natural gas production, availability and consumption - July 2017 1. Highlights of the report for the month of July 2017 are as follows: Gross production

More information

Investors & Analysts Meet May 23, 2017, Mumbai

Investors & Analysts Meet May 23, 2017, Mumbai GAIL (India) Ltd. India s Youngest Maharatna Investors & Analysts Meet May 23, 2017, Mumbai 1 Safe Harbor Statement This presentation has been prepared by GAIL (India) Ltd (Company or GAIL) solely for

More information

Impact of Gas on Refining and Marketing

Impact of Gas on Refining and Marketing Petroleum Federation of India Impact of Gas on Refining and Marketing September 2011 A Study by PetroFed in association with Member Company and Knowledge Partner Contents 1. Foreword 3 2. Executive Summary

More information

ASIAN DEVELOPMENT BANK

ASIAN DEVELOPMENT BANK ASIAN DEVELOPMENT BANK R95-01 28 June 2001 TECHNICAL ASSISTANCE TO INDONESIA FOR PREPARING A GAS SECTOR DEVELOPMENT PLAN (FINANCED FROM THE JAPAN SPECIAL FUND) The attached Report is circulated for the

More information

Extended Annual Review Report

Extended Annual Review Report Extended Annual Review Report Project Number: 39921 Loan Number: 7245- LN2256 November 2012 Loan Petronet LNG Limited Dahej Liquefied Natural Gas Terminal Expansion Project (India) In accordance with ADB

More information

Development and Financing of Renewable Energy Projects in India

Development and Financing of Renewable Energy Projects in India Development and Financing of Renewable Energy Projects in India A Perspective By K.S. Popli Director (Technical) Indian Renewable Energy Development Agency Limited New Delhi ( India ) World primary energy

More information

Conventional Energies (Oil & Gas)

Conventional Energies (Oil & Gas) 13 Conventional Energies (Oil & Gas) 162 Conventional Energies (Oil & Gas) Conventional Energies (Oil & Gas) I. History and Background The first documented systematic oil exploration and drilling in Iran

More information

Short Term Energy Outlook March 2011 March 8, 2011 Release

Short Term Energy Outlook March 2011 March 8, 2011 Release Short Term Energy Outlook March 2011 March 8, 2011 Release Highlights West Texas Intermediate (WTI) and other crude oil spot prices have risen about $15 per barrel since mid February partly in response

More information

Ports SAILING AHEAD R. Nagesh. SAILING AILING AHEAD

Ports SAILING AHEAD R. Nagesh. SAILING AILING AHEAD Ports SAILING APM Terminals, one of the AHEAD world s largest operators of port terminals, has ambitious expansion plans in India. The company, which operates two facilities in the country, saw business

More information

Challenges of Retailing in India (A Short Note)

Challenges of Retailing in India (A Short Note) World Bank From the SelectedWorks of Mohammad Amin February, 2010 Challenges of Retailing in India (A Short Note) Mohammad Amin Available at: https://works.bepress.com/mohammad_amin/23/ Challenges of Retailing

More information

Hydro & Small Hydro Outlook in India 2017

Hydro & Small Hydro Outlook in India 2017 Hydro & Small Hydro Outlook in India 217 Evaluating Business Case & Future Scenario of Large & Small Hydro Power Plants in India Report Summary enincon consulting llp, 217, New Delhi, India Enincon s Key

More information

The Unconventional Oil and Gas Market Outlook

The Unconventional Oil and Gas Market Outlook The Unconventional Oil and Gas Market Outlook The future of oil sands, shale gas, oil shale and coalbed methane Report Price: $2875 Publication Date: July 2010 E N E R G Y The Unconventional Oil and Gas

More information

Progress and Potential of Horticulture in India

Progress and Potential of Horticulture in India Ind. Jn. of Agri.Econ. Vol.63, No.3, July-Sept. 2008 SUBJECT I TRIGGERING AGRICULTURAL DEVELOPMENT THROUGH HORTICULTURE CROPS Progress and Potential of Horticulture in India Ramesh Chand, S.S. Raju and

More information

August 31, 2017 I Ratings. Executive Summary INDIAN SAW PIPE INDUSTRY OPPORTUNITIES IN PIPELINE

August 31, 2017 I Ratings. Executive Summary INDIAN SAW PIPE INDUSTRY OPPORTUNITIES IN PIPELINE Executive Summary August 31, 217 I Ratings INDIAN SAW PIPE INDUSTRY OPPORTUNITIES IN PIPELINE Contact: Revati Kasture Senior Director revati.kasture@careratings.com 91-22-6754 3465 Pulkit Agarwal Associate

More information

US Oil and Gas Import Dependence: Department of Energy Projections in 2011

US Oil and Gas Import Dependence: Department of Energy Projections in 2011 1800 K Street, NW Suite 400 Washington, DC 20006 Phone: 1.202.775.3270 Fax: 1.202.775.3199 Email: acordesman@gmail.com Web: www.csis.org/burke/reports US Oil and Gas Import Dependence: Department of Energy

More information

Insert Cover Image using Slide Master View Do not distort. Container Logistics (CFS & ICD) Market India

Insert Cover Image using Slide Master View Do not distort. Container Logistics (CFS & ICD) Market India Insert Cover Image using Slide Master View Do not distort Container Logistics (CFS & ICD) Market India February 2015 Executive Summary Market Container cargo traffic is expected to grow substantially at

More information

PRE-FEASIBILITY REPORT

PRE-FEASIBILITY REPORT PRE-FEASIBILITY REPORT For PRIOR ENVIRONMENTAL CLEARANCE STORAGE CAPACITY ENHANCEMENT OF HPCL, LPG BOTTLING PLANT Capacity: 3 X 500 MT At Plot No.499 Kota-Jhalawar Road (NH-12) Village- Mandana, Tehsil-

More information

RAILWAYS. April 2010

RAILWAYS. April 2010 RAILWAYS April 2010 RAILWAYS April 2010 Contents Advantage India Market overview Industry Infrastructure Investments Regulatory framework Opportunities Industry associations 2 ADVANTAGE INDIA Advantage

More information

International Energy Outlook: key findings in the 216 Reference case World energy consumption increases from 549 quadrillion Btu in 212 to 629 quadril

International Energy Outlook: key findings in the 216 Reference case World energy consumption increases from 549 quadrillion Btu in 212 to 629 quadril EIA's Global Energy Outlook For The Institute of Energy Economics, Japan October 5, 216 Japan By Adam Sieminski, Administrator U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov

More information

CORPORATE PROFILE PETRONET LNG LIMITED

CORPORATE PROFILE PETRONET LNG LIMITED CORPORATE PROFILE PETRONET LNG LIMITED May, 2014 OVERVIEW Global & India s Primary Energy Consumption Scenario India s Gas Scenario, Infrastructure Role of LNG in India About Petronet s Dahej & Kochi Terminals

More information

Iran Energy Database. Address: 1629 K St NW, Suite 300, Washington, DC Tel: Fax:

Iran Energy Database.   Address: 1629 K St NW, Suite 300, Washington, DC Tel: Fax: Iran Energy Database Email: info@svbenergy.com Address: 1629 K St NW, Suite 300, Washington, DC 20006 Tel: +1 202 600 7831 Fax: +1 202 331 3759 About US SVB Energy International LLC (SVBEI) is a Washington

More information

Brunei Darussalam Country Report

Brunei Darussalam Country Report Chapter 3 Brunei Darussalam Country Report September 2016 This chapter should be cited as Energy and Industry Department of Prime Minister s office (2016), Brunei Darussalam Country Report, in Kimura,

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 178.10 Target Price 205.00 PETRONET LNG LIMITED Result Update(PARENT BASIS): Q1 FY15 OCTOBER 15 th 2014 ISIN: INE347G01014 Index Details Stock Data Sector Oil & Gas BSE Code 532522 Face Value 10.00

More information

For personal use only

For personal use only Horizon Oil Limited ABN 51 009 799 455 Level 6, 134 William Street, Woolloomooloo NSW Australia 2011 Tel +61 2 9332 5000, Fax +61 2 9332 5050 www.horizonoil.com.au 29 November 2017 The Manager, Company

More information

Challenges and Opportunities

Challenges and Opportunities LPG Logistics and Infrastructure In India Challenges and Opportunities Pradip Kumar Jha Chief General Manager (LPG-Operations) Indian Oil Corporation Limited, India The International LP Gas Seminar 2018

More information

CDM Developments in India & Challenges Ahead. Pamposh Bhat Head, GTZ CDM - India Indo German Energy Programme Bureau of Energy Efficiency

CDM Developments in India & Challenges Ahead. Pamposh Bhat Head, GTZ CDM - India Indo German Energy Programme Bureau of Energy Efficiency CDM Developments in India & Challenges Ahead Pamposh Bhat Head, GTZ CDM - India Indo German Energy Programme Bureau of Energy Efficiency CDM in India India signed Kyoto Protocol in December, 1997 & ratified

More information

HORIZON OIL (HZN) PNG INVESTMENT CONFERENCE PRESENTATION

HORIZON OIL (HZN) PNG INVESTMENT CONFERENCE PRESENTATION Horizon Oil Limited ABN 51 009 799 455 Level 6, 134 William Street, Woolloomooloo NSW Australia 2011 Tel +61 2 9332 5000, Fax +61 2 9332 5050 www.horizonoil.com.au 7 September 2017 The Manager, Company

More information

Iran and China: Dialogue on Energy

Iran and China: Dialogue on Energy Iran and China: Dialogue on Energy Abbas Maleki Research Seminar Repsol YPF-Harvard KSG Fellows Harvard University March 15, 2006 What is the crux of Iran-China relations? the exchange of Chinese capital

More information

Oil and Gas Sector Profile

Oil and Gas Sector Profile Oil and Gas Sector Profile 1 Gujarat : An Enduring Strong Economy Population : Over 50 million (5.0% of India) Geographical area : 1,96,000 sq. km (6.2% of India) Gross State Domestic Product (GSDP) :

More information

Energy sector in India

Energy sector in India https://currentaffairsonly.com/ Energy sector in India Current Affairs ONLY https://currentaffairsonly.com/ Index 1. Power... 2 2. Ultra Mega Power Projects... 2 3. Integrated Power Development Scheme...

More information

Agricultural Equipment India

Agricultural Equipment India Agricultural Equipment India January 2015 Executive Summary Market Overview Global agricultural equipment market is expected to grow at a CAGR of x% through to to reach INR yy bn in Huge demand from Asia

More information

ENERGY. Responding to the Upstream Boom

ENERGY. Responding to the Upstream Boom ENERGY Responding to the Upstream Boom CURRENT OPPORTUNITIES AND CHALLENGES IN MIDSTREAM/LNG 1 GROWTH Responding to demand for new and expanded oil and gas processing, transportation and storage following

More information

CAIRN ENERGY PLC. Building a business in India - Dr Mike Watts. AAPG, Houston 06S0171DE00 06S0171DE00

CAIRN ENERGY PLC. Building a business in India - Dr Mike Watts. AAPG, Houston 06S0171DE00 06S0171DE00 CAIRN ENERGY PLC Building a business in India - Dr Mike Watts AAPG, Houston April 2006 PREFACE This presentation and the associated slides and discussion contain forward-looking statements regarding Cairn,

More information

NARUC. Global Liquefied Natural Gas Supply: An Introduction for Public Utility Commissioners

NARUC. Global Liquefied Natural Gas Supply: An Introduction for Public Utility Commissioners 2009 Global Liquefied Natural Gas Supply: An Introduction for Public Utility Commissioners NARUC October 2009 The National Association of Regulatory Utility Commissioners Funded by the U.S. Department

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 200.85 Target Price 225.00 PETRONET LNG LIMITED Result Update (PARENT BASIS): Q2 FY15 DECEMBER 20 th 2014 ISIN: INE347G01014 Index Details Stock Data Sector Oil & Gas BSE Code 532522 Face Value

More information

LNG. Liquefied Natural Gas A Strategy for B.C. s Newest Industry

LNG. Liquefied Natural Gas A Strategy for B.C. s Newest Industry LNG Liquefied Natural Gas A Strategy for B.C. s Newest Industry LIQUEFIED NATURAL GAS Message from the Premier The BC Jobs Plan released in September is all about leveraging our competitive advantages

More information

MATERIAL HANDLING EQUIPMENT INDUSTRY IN INDIA

MATERIAL HANDLING EQUIPMENT INDUSTRY IN INDIA MATERIAL HANDLING EQUIPMENT INDUSTRY IN INDIA June 2010 Report by the Indo-Italian Chamber of Commerce & Industry Introduction According to Construction World update, it has been projected that the present

More information

Published on Market Research Reports Inc. (https://www.marketresearchreports.com)

Published on Market Research Reports Inc. (https://www.marketresearchreports.com) Published on Market Research Reports Inc. (https://www.marketresearchreports.com) Home > Tanzania Oil Gas Industry Analysis and Forecast Report (Q1 2016) - Supply, Demand, Investments, Competition and

More information

Published on Market Research Reports Inc. (https://www.marketresearchreports.com)

Published on Market Research Reports Inc. (https://www.marketresearchreports.com) Published on Market Research Reports Inc. (https://www.marketresearchreports.com) Home > Iraq Oil Gas Industry Analysis and Forecast Report (Q1 2016) - Supply, Demand, Investments, Competition and Projects

More information

Quality of Water and Water Related Diseases in Urban Areas

Quality of Water and Water Related Diseases in Urban Areas 5.1.2 Incidence of water borne diseases in states of India The water borne diseases in India are occurring over the years despite various water quality management plans by the Government of India. Regardless

More information

Aegis Logistics Limited

Aegis Logistics Limited Aegis Logistics Limited Result Presentation Q2 FY16 1 Safe Harbour This presentation and the accompanying slides (the Presentation ), which have been prepared by Aegis Logistics Limited (the Company ),

More information

Research Compendium. Coal Sector in India 2013 A comprehensive data and information update

Research Compendium. Coal Sector in India 2013 A comprehensive data and information update Research Compendium Coal Sector in India 2013 A comprehensive data and information update Release Date : August 2013 Background About the report Coal is the only major conventional source of energy that

More information

Instruction for filling the AIN application form

Instruction for filling the AIN application form Instruction for filling the AIN application form 1. Form is to be filled legibly in ENGLISH in BLOCK LETTERS. 2. While filling the form, each box, wherever provided, should contain only one character (alphabet/number/punctuation

More information

E-way bill - basic provisions

E-way bill - basic provisions from India Tax & Regulatory Services E-way bill - basic provisions January 31, 2018 In detail The provisions pertaining to the E-way bill for inter-state movement of goods will be effective from 01 February,

More information

Unconventional Gas E&P : Essar Approach

Unconventional Gas E&P : Essar Approach Unconventional Gas E&P : Essar Approach 26-27 th November, 2015 Essar Exploration & Production Peninsula Techno-park, Tower II, LBS Marg, Mumbai 400070, India. www.essar.com About Essar Essar is a multinational

More information

Indonesia s Energy Requirements Part One: Current Energy Dynamics

Indonesia s Energy Requirements Part One: Current Energy Dynamics 10 February 2015 Indonesia s Energy Requirements Part One: Current Energy Dynamics Stewart Patterson FDI Associate Key Points Domestic consumption has been a key driver of Indonesian economic growth and,

More information

South Asia Energy Security : Challenges And Opportunities

South Asia Energy Security : Challenges And Opportunities South Asia Energy Security : Challenges And Opportunities Dr Bhupendra Kumar Singh Confederation of Indian Industry South Asia Energy Security South Asia energy security emanates from the growing imbalance

More information

INFRASTRUCTURE PROJECTS IN PIPELINE

INFRASTRUCTURE PROJECTS IN PIPELINE Now Available INFRASTRUCTURE PROJECTS IN PIPELINE Sector Analysis and Outlook; Opportunities and Projections Report (PDF) Data-set (Excel) 3 Quarterly Updates India Infrastructure Research Table of Contents

More information

SECTOR ASSESSMENT (SUMMARY): ENERGY

SECTOR ASSESSMENT (SUMMARY): ENERGY SECTOR ASSESSMENT (SUMMARY): ENERGY Country Partnership Strategy: Nepal, 2013-2017 A. Overview 1. Nepal has long recognized the development of its large hydropower potential as an important cornerstone

More information

Ukraine s Gas Market Reform: Green Light to Investments in Natural Gas Transmission, Production and Energy Efficiency

Ukraine s Gas Market Reform: Green Light to Investments in Natural Gas Transmission, Production and Energy Efficiency Ukraine s Gas Market Reform: Green Light to Investments in Natural Gas Transmission, Production and Energy Efficiency Andriy Kobolyev, CEO, Naftogaz of Ukraine July 2015 www.naftogaz-europe.com www.naftogaz.com

More information

Emerging risks and challenges in Retail and Consumer Products (RCP) sector. A forensic outlook

Emerging risks and challenges in Retail and Consumer Products (RCP) sector. A forensic outlook Emerging risks and challenges in Retail and Consumer Products (RCP) sector A forensic outlook Recent trends in the RCP sector The diverse demographic and economic composition of India s population makes

More information

Tin Zaw Myint Energy Planning Department (EPD), Ministry of Energy (MOE), Myanmar.

Tin Zaw Myint Energy Planning Department (EPD), Ministry of Energy (MOE), Myanmar. Chapter 12 Myanmar Country Report Tin Zaw Myint Energy Planning Department (EPD), Ministry of Energy (MOE), Myanmar. Nay Aung Energy Planning Department (EPD), Ministry of Energy (MOE), Myanmar. June 2013

More information

A Multi Stakeholder Perspective

A Multi Stakeholder Perspective A Multi Stakeholder Perspective 1 Agenda Wind Vision Initiative Setting up of Wind Vision : 200 GW by 2032 Recommendations Wind Project Development Regulatory Incentives Financing Wind Vision 2032 Grid

More information

Industrial Demand and the Changing Natural Gas Market

Industrial Demand and the Changing Natural Gas Market Industrial Demand and the Changing Natural Gas Market Robert Pirog Specialist in Energy Economics February 10, 2011 Congressional Research Service CRS Report for Congress Prepared for Members and Committees

More information

LNG TRADE FLOWS. Hans Stinis Shell Upstream International

LNG TRADE FLOWS. Hans Stinis Shell Upstream International LNG TRADE FLOWS Hans Stinis Shell Upstream International ABSTRACT The LNG industry has witnessed a great deal of change recently, and indications are that this will only continue. Global gas demand is

More information

Confederation of Indian Industry. Opportunities in. Fisheries. Sector in India. Ministry of Food Processing Industries. Government of India

Confederation of Indian Industry. Opportunities in. Fisheries. Sector in India. Ministry of Food Processing Industries. Government of India Confederation of Indian Industry Opportunities in Fisheries Sector in India Ministry of Food Processing Industries Government of India Advantage India One of the fastest growing economies in the world

More information

American Strategy and US Energy Independence

American Strategy and US Energy Independence Cordesman: Strategy and Energy Independence 10/21/13 1 American Strategy and US Energy Independence By Anthony H. Cordesman October 21, 2013 Changes in energy technology, and in the way oil and gas reserves

More information

LPG, Energy Access and the Indian Context

LPG, Energy Access and the Indian Context 1 Questions LPG, Energy Access and the Indian Context - M K Surana New Delhi February 7, 2017 India Questions : Fast facts 18% of the world s population (1.31 billion in 2015) with improving urbanization

More information

The Impact of Climate Policy on ROK s Energy Sector: Application of the LEAP Model to Energy Sector Analysis

The Impact of Climate Policy on ROK s Energy Sector: Application of the LEAP Model to Energy Sector Analysis The Impact of Climate Policy on ROK s Energy Sector: Application of the LEAP Model to Energy Sector Analysis 24 th USAEE/IAEE North American Conference July 8-10, 8 2004 Washington, DC, USA Euisoon Shin

More information

The IEA outlook for gas. Laszlo Varro Head, Gas Coal and Power Markets

The IEA outlook for gas. Laszlo Varro Head, Gas Coal and Power Markets The IEA outlook for gas Laszlo Varro Head, Gas Coal and Power Markets For gas the Asian century is just starting 3 000 Mtoe Primary energy consumption 2 500 coal gas 2 000 1 500 1 000 500 - Asia Europe

More information

ELIGIBILITY CRITERIA FOR QUALIFICATION OF EPC CONTRACTORS FOR LNG TERMINAL AT GANGAVARAM, VISAKHAPATNAM, ANDHRA PRADESH (INDIA)

ELIGIBILITY CRITERIA FOR QUALIFICATION OF EPC CONTRACTORS FOR LNG TERMINAL AT GANGAVARAM, VISAKHAPATNAM, ANDHRA PRADESH (INDIA) ELIGIBILITY CRITERIA FOR QUALIFICATION OF EPC CONTRACTORS FOR LNG TERMINAL AT GANGAVARAM, VISAKHAPATNAM, ANDHRA PRADESH (INDIA) Petronet LNG Limited intends to undertake International Competitive Bidding

More information

Irrigation Market in India

Irrigation Market in India Now Available Irrigation Market in India Programmes and Projects: Opportunities for Construction and Equipment Report (PDF) Data-set (Excel) India Infrastructure Research Irrigation Market in India Table

More information

Electrical Machinery NOVEMBER For updated information, please visit

Electrical Machinery NOVEMBER For updated information, please visit Electrical Machinery NOVEMBER 1 Contents Advantage India Market overview and trends Growth drivers Success stories: BHEL, L&T Opportunities Useful information 2 Electrical Machinery NOVEMBER Advantage

More information

Second Pillar: Energy

Second Pillar: Energy 2 nd Pillar: Energy Second Pillar: Energy Overview of Current Situation The energy sector is mainly responsible for providing for the energy needs for all economic sectors as well as families, in addition

More information

Critical Analysis of forthcoming City Gas Distribution Projects under PNGRB bidding and its impact on RLNG sector in India: Phase I

Critical Analysis of forthcoming City Gas Distribution Projects under PNGRB bidding and its impact on RLNG sector in India: Phase I IMaCS Research & Analytics Critical Analysis of forthcoming City Gas Distribution Projects under PNGRB bidding ICRA Management Consulting Services Limited Critical Analysis of forthcoming City Gas Distribution

More information

Rating Methodology - Fertilizer Companies

Rating Methodology - Fertilizer Companies RATING METHODOLOGY - FERTILIZER COMPANIES Rating Methodology - Fertilizer Companies Industry Overview Fertilizers supply the essential nutrients for crops and thus play an important part in ensuring self

More information

Graphite India Limited

Graphite India Limited Earnings Release Earnings Release Earnings Release Earnings Release Earnings Release Graphite India Limited (NSE: GRAPHITE, BSE: 509488) Unaudited Standalone First Quarter Results for FY2013 August 03,

More information

GEF Focal Area Climate Change (Operational Program No. 7)

GEF Focal Area Climate Change (Operational Program No. 7) Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Project Name Country Region Sector Project Report No. India-Solar Thermal Power Project

More information

Petronet LNG Limited (PETLNG)

Petronet LNG Limited (PETLNG) Initiating Coverage Rating Matrix Rating : Strong Buy Target : Rs 88 Target Period : 12 months Potential Upside : 24% YoY Growth (%) FY9 FY1E FY11E FY12E FY13E Revenues 28.6 28.9 29.1 33.8 36.3 EBITDA

More information

Customer Loyalty Programmes. Implementation Guidance of IFRIC 13 for Telecommunications Operators. Telecommunications Accounting Updates:

Customer Loyalty Programmes. Implementation Guidance of IFRIC 13 for Telecommunications Operators. Telecommunications Accounting Updates: GLOBAL TELECOMMUNICATIONS CENTER FEBRUARY 2008 Telecommunications Accounting Updates: Customer Loyalty Programmes Implementation Guidance of IFRIC 13 for Telecommunications Operators Telecommunications

More information

Second largest Cement market. Dominated by private players. Higher share of large plants. Large concentration in South and West

Second largest Cement market. Dominated by private players. Higher share of large plants. Large concentration in South and West Second largest Cement market With nearly 300 million tonne of cement production capacity, India is the second largest cement producer in the world Dominated by private players Of the total capacity, 98

More information

Waste to Energy and Waste Management Market in India

Waste to Energy and Waste Management Market in India Waste to Energy and Waste Management Market in India - 2018 Examining Opportunities, Economics, Technologies, Market Trends, Challenges & Outlook E-REP Business & Market Research Series May 2018 Waste

More information

PETROLEUM SECTOR. Crude Oil

PETROLEUM SECTOR. Crude Oil PETROLEUM SECTOR During 2000 the international oil market witnessed remarkable developments on both supply and demand sides. The most important of such developments was the OPEC decision to increase the

More information

Signpost. EY Newsletter for Government and Public Sector. Inside: Implementation of diagnostic services on PPP: A case of Jharkhand...

Signpost. EY Newsletter for Government and Public Sector. Inside: Implementation of diagnostic services on PPP: A case of Jharkhand... June 2017 Signpost EY Newsletter for Government and Public Sector Inside: Changing India s investment landscape EY advising seven states on Ease of Doing Business...2 Partnering with Nagpur Municipal Corporation

More information

POWER SECTOR A STUDY OF INDIA

POWER SECTOR A STUDY OF INDIA POWER SECTOR A STUDY OF INDIA Dr. Farah Naaz Gauri* Dr. Riyazuddin Qureshi** Dr. Hares Ahmed Qureshi*** Associate Professor, Dept. of Management Science, Jazan University, Jazan, K.S.A.* Assistant Professor,

More information

BHARAT FORGE LIMITED (BFL)

BHARAT FORGE LIMITED (BFL) BHARAT FORGE LIMITED (BFL) This report proposes the diversification strategy for Bharat Forge Ltd. to enter into India s solar power sector. 1 st Position Metamorphosis competition Vista Business Fest

More information

EXPRESSION OF INTEREST (UNDER INTERNATIONAL COMPETITIVE BIDDING)

EXPRESSION OF INTEREST (UNDER INTERNATIONAL COMPETITIVE BIDDING) Insignia Tower, nd Floor, Plot No. D, Sector 6, Noida 0 0, Gautam Budh Nagar, Uttar Pradesh, India EXPRESSION OF INTEREST (UNDER INTERNATIONAL COMPETITIVE BIDDING) FOR SUPPLY OF EQUIPMENT & MATERIALS AN

More information

AmCham EU Position on Shale Gas Development in the EU

AmCham EU Position on Shale Gas Development in the EU AmCham EU Position on Shale Gas Development in the EU Page 1 of 5 4 January 2013 AmCham EU Position on Shale Gas Development in the EU Shale gas could play an important role in the EU energy mix and policymakers

More information

Capabilities in LNG

Capabilities in LNG 16-04-25 Capabilities in LNG www.bmtindia.org LNG About us BMT Consultants India is a part of the UK based BMT Group, an international design, engineering and risk management consultancy working in the

More information

China's Oil Demand Outlook

China's Oil Demand Outlook China's Oil Demand Outlook Qian Xingkun CNPC Economics & Technology Research Institute 2016.09.08 Singapore 1 1. Lower Growth Rate, Intensity and Elasticity of China s Oil Demand since 2000 China s Oil

More information

Improving project delivery in oil and gas: managing the megaprojects

Improving project delivery in oil and gas: managing the megaprojects Improving project delivery in oil and gas: managing the megaprojects The oil and gas sector is increasingly dominated by megaprojects, typically characterized by their complexity and highly technical nature,

More information

India Kothagudem A Thermal Power Station Rehabilitation Project. Field Survey: July Project Profile and Japan s ODA Loan

India Kothagudem A Thermal Power Station Rehabilitation Project. Field Survey: July Project Profile and Japan s ODA Loan India Kothagudem A Thermal Power Station Rehabilitation Project Field Survey: July 2003 1. Project Profile and Japan s ODA Loan China New Delhi Nepal Bhutan Bangladesh India Calcutta Myanmar Hyderabad

More information

Delivering Energy. Upstream Stranded Domestic Gas Potential to meet Energy Demand through LNG Value Chain: Lessons Learned from Senoro-DSLNG

Delivering Energy. Upstream Stranded Domestic Gas Potential to meet Energy Demand through LNG Value Chain: Lessons Learned from Senoro-DSLNG Delivering Energy Upstream Stranded Domestic Gas Potential to meet Energy Demand through LNG Value Chain: Lessons Learned from Senoro-DSLNG Eka Satria, Development Director - PT Medco Energi International

More information

Coal Sector Reforms in India Analysing from the Lens of Competition & Regulatory Architecture

Coal Sector Reforms in India Analysing from the Lens of Competition & Regulatory Architecture Coal Sector Reforms in India Analysing from the Lens of Competition & Regulatory Architecture 9th India Coal Summit, New Delhi Arpit Tiwari CUTS International 29 June 2017 1 Contents Introduction Coal

More information