By drawing lessons from more mature gas markets in both Europe and North America, this chapter presents a road map for a cleaner and more prosperous Indian economy.
Authors
Akhil Mehrotra, Pipeline Infrastructure Limited, Brookfield company, Canada.
Aayushi Agarwal, IIM, Bangalore, India; Delhi College of Engineering, India.
Annika Bose Styczynski, Associate Professor, Jindal School of Government and Public Policy, O.P. Jindal Global University, Sonipat, Haryana, India.
Summary
This chapter is about the status quo of the Indian gas sector. It contains a discussion and critical reflection upon the various challenges faced by the industry, including the regulatory shortcomings, ecologic concerns, and economic constraints that block the road towards a gas-based energy system in India. On the basis of many years of experience in the Indian gas industry and by drawing lessons from more mature gas markets in both Europe and North America, this chapter presents a road map for a cleaner and more prosperous Indian economy.
Key reforms required would include liberalising the energy and gas sector, supporting the development of the transportation network, land and labour reforms, systemic changes in governing and regulatory bodies, and a market-based mechanism for gas price discovery. All this would ensure that gas as an energy source becomes affordable, available, and accessible, while helping in achieving targets on greenhouse gas emission reduction by which contributing to sustainable development.
Published in: India’s Energy Revolution: Insights into the Becoming of a Global Power, pp. 42-65, Routledge India.
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