Question
Download Solution PDFAs per reports of the National Investment promotion and facilitation agency in FY 2021-22, India is the ________ largest importer of liquefied natural gas (LNG).
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is 4th.
Key Points
- India is the 4th largest importer of liquefied natural gas (LNG) as per the National Investment Promotion and Facilitation Agency's report for FY 2021-22.
- The major LNG suppliers to India include Qatar, Australia, and the United States.
- In FY 2021-22, India's LNG imports were approximately 24.9 million metric tons.
- The demand for LNG in India is driven by the power generation, fertilizer, and city gas distribution sectors.
Additional Information
- Liquefied Natural Gas (LNG)
- LNG is natural gas that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport.
- It primarily consists of methane (CH4) and is condensed to a liquid at close to atmospheric pressure.
- The liquefaction process involves cooling the gas to approximately -162 degrees Celsius (-260 degrees Fahrenheit).
- Global LNG Market
- The global LNG market is highly competitive and includes major exporters like Qatar, Australia, and the United States.
- LNG is traded internationally, with major importing countries including Japan, China, South Korea, and India.
- India's Energy Policy
- India aims to increase the share of natural gas in its energy mix from the current 6% to 15% by 2030.
- The government is promoting the use of cleaner fuels and enhancing the natural gas infrastructure across the country.
- City Gas Distribution (CGD)
- CGD networks supply piped natural gas to households, industries, and commercial establishments and compressed natural gas (CNG) to the transport sector.
- The Petroleum and Natural Gas Regulatory Board (PNGRB) oversees the development of CGD networks in India.
Last updated on May 20, 2025
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