Natural Gas Economy – Benefits, Challenges and Way Forward

According to (International Energy Agency) IEA’s recently released India Energy Outlook, India will emerge as the third-largest energy consumer behind the US and China by 2030. Natural gas is expected to be the fastest-growing fossil fuel, in sync with the government’s aim of developing a gas-based economy, raising its share from 6 per cent to 15 per cent by 2030. India in its effort to reach the goal of a gas-based economy is taking a slew of reforms in the natural gas infrastructure and the marketing sector yet the challenges that ail the sector need immediate attention to be dealt with.

What does a natural gas-based economy mean?

A natural-gas based economy implies an economy in which the dependence on energy sources means dependence on natural ga