Natural Gas Economy – Need, Government Measures, Way Ahead

In a bid to move towards the market-based gas economy, series of measures were recently taken by the Indian government, including the approval of the Natural Gas Marketing Reforms and the launching of India’s first gas exchange. Though well-intended, these measures fail to cover the majority of gas producers, leading to lesser investments for the development of this sector. Measures need to be taken by the government to address these issues to increase demand for domestic gas and reduce import dependence.

What is natural gas?

• Natural gas is a non-renewable fossil energy source formed deep beneath the Earth’s surface.
• It is a mixture of gases that are rich with hydrocarbons.
• The largest component of natural gas is methane.
• Natural gas is f