Stepping on the natural gas - mydigitalfc.com

Natural gas is emerging as the preferred hydrocarbon fuel of the future becau-se of its cost efficiency in power generation, fertiliser production, domestic use and even as an auto fuel. A sharp rise in India’s gas production following the discovery and development of gas fields on the East Coast is bringing about a transition, where the gas distribution business is emerging as the new sunshine sector. So much so that the industry is now in for major re-rating in the medium term.

Mahindra vehicles diesel tanks

At present, oil constitutes 28 per cent of total primary commercial energy consumption in the country, while natural gas accounts for 8 per cent. Coal continues to be the dominant fuel, accounting for 57 per cent of total energy consu-mption. This shows the huge potential for the gas distribution business.

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