As one of the countries with the fastest growing global economy and the fastest growing energy demand, India is trying to get natural gas.India's local media reported that India's power plants are turning to natural gas due to the severe coal shortage in India.
India has been dominated by coal-fired power generation. According to the Indian Central Electric Power Bureau, coal-fired power generation in 2016 accounted for 62% of India's total electricity generation.But in August this year, including northern India, southern Nepal and other places suffered the most serious floods in recent years. Floods destroyed coal mines and roads, so the supply of coal is short. In addition, the reduction in imports, power plants to reduce coal revenue and additional power generation is also a factor.
Coal crisis to natural gas back to the field of vision, even high prices, the Indians are willing to pay.In fact, the Indian government is also planning to reduce dependence on coal.The analyst Tim Buckley believes that India is turning from coal to solar power, which will have a far-reaching impact on the global energy market.