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Gas - Will it live up to expectations? - Views on News from Equitymaster
 
 
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  • Sep 19, 2000

    Gas - Will it live up to expectations?

    Over a five year period from FY94 to FY99 the consumption of gas has grown at a CAGR of 6.6% as compared to that of 7.9% recorded by petroleum products.

    The consumption of gas is mainly dependent on the power and feriliser industry. In this same period the gas consumption by these sectors has grown at a compounded rate of 12.8% and 6.5% respectively. Whereas, these industries have grown at a CAGR of 4% and 6.2% respectively. This indicates that gas as feedstock is making inroads into these sectors.

    Between FY95 and FY97 the growth in consumption of gas by the power and fertiliser industry increased, however, negative growth in consumption by other sectors pulled down the overall gas consumption rate. Post FY97 growth in gas consumption is in tandem with the consumption growth in the power and fertiliser industry.

    However, the relationship may not remain as strong, as the energy source penetrates newer industries as feedstock. This will reduce its dependency on the power and fertiliser sector. Going forward, new drivers for the energy source could be the petrochemical and tranportation industry.

     

     

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    S&P BSE OIL & GAS


    Aug 16, 2017 (Close)

    S&P BSE OIL & GAS 5-YR ANALYSIS

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