The domestic gas production in India has not seen any substantial growth since 2010. While the Gas production from ONGC experienced an increase of 8.5% but the production from OIL dropped by 2.7% and from other JVs declined by 14% in 2018 over 2017. The Gas demand in India has been continuously increasing and therefore the share of LNG has picked up gradually and has exceeded the domestic gas production. The natural gas consumer base has changed with PNGRB bidding round 9th &10th, which assures gas accessibility to 70% of country's population resulting in an increase in pipeline infrastructure.
The growth of gas market and the gas trading are interrelated with the bondage of supply chain infrastructure. The many varied price regimes for gas in India, provide arbitrage for gas trading but for scarcity of volume. With the increasing E&P initiatives (HELP, Open acreages policy and Pricing freedom), developing pipeline infrastructure, increasing LNG re-gas Capacity and the will of the stakeholders , India is poised for Gas Trading.
The master class, scheduled on 6th - 7th June 2019, will discuss in detail the opportunities, benefits, constraints including Regulatory provisions for a gas trading hub in India and find out the solution for the possibility of transportation capacity trading, natural gas physical and Futures trading.