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Morgan Stanley revealed in a research report that the Covid-19 pandemic has accelerated the transformation of India's energy sector and had a profound impact on the Indian economy, including $140 billion in new natural gas direct investment in eight years, up to 300 basis points higher employment growth and an average current account deficit of $4-4.
7 billion
per year.
"The Covid-19 pandemic has also reduced energy costs by up to 25% on average for consumers and industrial companies, slowed global oil demand growth by 10%, and nearly doubled the market share of gasoline-powered vehicles in PV sales in India," Morgan Stanley revealed in a note, "More importantly, as natural gas becomes the fuel of choice, we believe this will reshape consumer habits to increase the compound annual growth rate of natural gas demand to 8%
by 2025.
" ”
The investment bank expects natural gas to account for around 10 percent of India's primary energy supply by 2025, up from the current 6 percent, and renewables to rise to 6 percent from the current 3.
6 percent
.
As the global glut intensifies, prices for Asian gas consumers have shrunk
to the maximum.
India is the biggest beneficiary because consumer prices have fallen by 25 per cent and are structurally lower at a time when gas infrastructure is doubled and the arrival of renewables has made gas more prominent in the fuel mix
.
"Stricter pollution standards, as well as supportive regulatory policies, will facilitate India's energy transition
.
Since the industrial and power sectors consider natural gas to be inexpensive and easy to use, environmental policy"
.
Morgan Stanley added that by 2025, as last-mile infrastructure doubles, personal gas demand for cooking and travel will increase
.
Potential beneficiaries of the switch to natural gas include midstream gas pipeline and infrastructure owners such as Gujarat Gas
.
Meanwhile, automakers like Maruti are driving the development of blended natural gas, fuel retailers, infrastructure builders, and ultimately industrial consumers are driving increased
demand for natural gas.
From the current point of view, while refineries may experience headwinds, most refineries are now integrating into
downstream chemicals.
In addition, fuel retailers offer energy-integrated solutions
by offering consumers a choice of filling tanks for gasoline, diesel, natural gas, or rechargeable batteries.
Morgan Stanley revealed in a research report that the Covid-19 pandemic has accelerated the transformation of India's energy sector and had a profound impact on the Indian economy, including $140 billion in new natural gas direct investment in eight years, up to 300 basis points higher employment growth and an average current account deficit of $4-4.
7 billion
per year.
"The Covid-19 pandemic has also reduced energy costs by up to 25% on average for consumers and industrial companies, slowed global oil demand growth by 10%, and nearly doubled the market share of gasoline-powered vehicles in PV sales in India," Morgan Stanley revealed in a note, "More importantly, as natural gas becomes the fuel of choice, we believe this will reshape consumer habits to increase the compound annual growth rate of natural gas demand to 8%
by 2025.
" ”
The investment bank expects natural gas to account for around 10 percent of India's primary energy supply by 2025, up from the current 6 percent, and renewables to rise to 6 percent from the current 3.
6 percent
.
As the global glut intensifies, prices for Asian gas consumers have shrunk
to the maximum.
India is the biggest beneficiary because consumer prices have fallen by 25 per cent and are structurally lower at a time when gas infrastructure is doubled and the arrival of renewables has made gas more prominent in the fuel mix
.
"Stricter pollution standards, as well as supportive regulatory policies, will facilitate India's energy transition
.
Since the industrial and power sectors consider natural gas to be inexpensive and easy to use, environmental policy"
.
Morgan Stanley added that by 2025, as last-mile infrastructure doubles, personal gas demand for cooking and travel will increase
.
Potential beneficiaries of the switch to natural gas include midstream gas pipeline and infrastructure owners such as Gujarat Gas
.
Meanwhile, automakers like Maruti are driving the development of blended natural gas, fuel retailers, infrastructure builders, and ultimately industrial consumers are driving increased
demand for natural gas.
From the current point of view, while refineries may experience headwinds, most refineries are now integrating into
downstream chemicals.
In addition, fuel retailers offer energy-integrated solutions
by offering consumers a choice of filling tanks for gasoline, diesel, natural gas, or rechargeable batteries.