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Gas sector: Intense competition coming up
Apr 11: The Indian gas sector is finally looking up
8A 23 to 25% revenue growth is projected year on year
8Transmission volumes are expected to increase 12-15%
8Meanwhile, ONGC and RIL-BP are looking for customers to sell their KG basin gas.
8Long term delivery periods are being offered, wherein domestic gas will be supplemented with imported LNG should the need arise
8The competition is expected to get heavier, with traditional players up against the might of the ONGC and RIL-BP.
8But given that the Indian market is price sensitive, will incremental domestic gas capture newer demand or will it replace LNG volumes?
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