Try GOLD - Free
Gas consumption faces price volatility risks
The Business Guardian
|January 11, 2023
Price structure constraints are expected to challenge India's target of increasing natural gas share in the overall energy basket to 15 percent by 2030, from 6 percent in 2017, despite resilient demand from city gas distribution networks and rising domestic production, Fitch Ratings said.
-
Progress on the target has been minimal - 6 percent share in 2021 - as the natural gas growth has not managed to outpace total energy demand growth. Demand for natural gas from price-sensitive industrial and power sectors may be limited in times of rising prices, as they switch to cheaper alternate fuels, Fitch Ratings said in a report on Tuesday.
"The pace of adoption of gas for mobility and household fuel may also slow in times when its price benefit against alternate fuels decreases," it said.
This story is from the January 11, 2023 edition of The Business Guardian.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Business Guardian
The Business Guardian
When apology replaces accountability in innovation, ethics
Indian academia must now decide to anchor ambition in meritocracy, rigour and ethical consistency.
5 mins
February 22, 2026
The Business Guardian
Orion's False Star: A PR Black Hole
The Galgotias robotic dog showcase triggered misrepresentation claims, overshadowing its innovation pitch.
3 mins
February 22, 2026
The Business Guardian
Microsoft launches AI skilling drive for 2 million teachers
Microsoft has announced the launch of Microsoft Elevate for Educators in India, an initiative designed to skill two million teachers and reach 200,000 schools and educational institutions by 2030, as part of Microsoft’s broader commitment to equip 20 million people in India with AI skills.
2 mins
February 22, 2026
The Business Guardian
INOX India's LNG systems power Railways' fuel
Indian Railways recently marked a historic milestone by successfully operationalizing the nation's first LNG-diesel dual-fuel DEMU train at Sabarmati, Ahmedabad.
1 min
February 22, 2026
The Business Guardian
World saw vibrancy of Indian Al ecosystem: Meity
Secretary, Ministry of Electronics and Information Technology (MeitY), S Krishnan, on Friday said the India AI Impact Summit 2026 offered the global community a clear view of the strength and diversity of India’s artificial intelligence ecosystem.
1 mins
February 22, 2026
The Business Guardian
For Europe Inc, US tariff relief comes with a sting in the tail
From European wine makers to chemical companies and distillers, the U.S. Supreme Court ruling knocking down a large part of President Donald Trump's trade tariffs comes with a sting in the tail: an even more uncertain trade outlook.
2 mins
February 22, 2026
The Business Guardian
'86 NATIONS BACK AI SUMMIT DECLARATION'
A Turning Point for Humanity at the IndiaAI Impact Summit
2 mins
February 22, 2026
The Business Guardian
US economic growth weaker amid government shutdown
SPENDING DIP
1 mins
February 22, 2026
The Business Guardian
Chidambaram asks Centre questions on impact of US tariff ruling
Soon after the US Supreme Court struck down President Donald Trump's reciprocal tariffs on countries under the IEEPA, Congress veteran P Chidambaram has asked the Indian government to explain what would be the impact of the US judgement on the trade deal framework that was announced earlier this month between the two countries.
1 mins
February 22, 2026
The Business Guardian
U.S. SC STRIKES DOWN TRUMP’S GLOBAL TARIFFS
6-3 RULING
2 mins
February 22, 2026
Translate
Change font size