As a country committed to social objectives, Indian policy makers consider the allocation of commercial forms of energy too important to be left entirely to the market. India¿s mistrust of the market arises from social and commercial concerns that are entirely justifiable, but the multitude of administrative mechanisms introduced to replace the market mechanism often work at cross-purposes.
As a country committed to social objectives, Indian policy makers consider the allocation of commercial forms of energy too important to be left entirely to the market. India’s mistrust of the market arises from social and commercial concerns that are entirely justifiable, but the multitude of administrative mechanisms introduced to replace the market mechanism often work at cross-purposes. As a result, India is saddled with an energy sector characterised by chronic shortages and inadequate infrastructure both at the supply and demand end, originating in interventions that essentially distort price.
In an effort to shape a more efficient policy path for natural gas, a source of energy less burdened with legacy issues, the Observer Research Foundation organised a one day conference on
‘India’s Expanding Natural Gas Markets’ on 16th April 2007 in New Delhi. The deliberations at the conference were organised around the themes of supply, demand, price and regulation. This report summarises key insights from the conference
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