SWOT Analysis of the Indian oil and gas industry Strengths Major natural gas discoveries by a number of domestic

companies hold significant medium- to long-term potential. Demand for petroleum products Increase in demand for oil and gas High exploration portfolio

Weaknesses The oil and gas sector is dominated by state-controlled enterprises, although the government has taken steps in recent years to deregulate the industry and encourage greater foreign participation Increase in oil prices Inadequate and slowly developing infrastructure Lack of awareness in safety issues Environmental issues

Opportunities Liquefied natural gas (LNG) imports are still set to grow rapidly over the longer term as domestic consumption expands India has freed gasoline retail price controls Untapped domestic oil and gas potential Strong domestic energy demand growth High recovery rates from existing projects

Threats Increased competition within government and private players Continuing government interference Changes in national energy policies