Released on = April 20, 2007, 3:21 am

Press Release Author = Shushmul Maheshwari

Industry = Energy

Press Release Summary = The long-awaited semiconductor manufacturing policy of India
had been proclaimed on February 22, 2007, thereby making way for the nation to carve
its niche in the global semiconductor industry.

Press Release Body = With consumers’ unwillingness to pay high prices for LNG
(Liquefied Natural Gas), there may be a dramatic slow down in the global demand for
the fuel, as per industry officials and analysts. They said this in a Conference on
Flame energy held at Amsterdam on 13 March 2007.

They also warned that some of the biggest consumers of energy like India and China
might fail to deal with the rising prices of LNG and therefore would choose to go
for alternative fuel sources.

Growth of global LNG market is mainly hindered by the rising costs of converting gas
to liquid form, and escalating demand in countries that produce it.

\"Security of supply is not guaranteed unless buyers and end users are able to pay
the price,\" Gaz de France V.P. LNG Didier Holleaux commented in a statement that
REUTERS published on 13 March 2007.

\"Demand could shrink and we can face the risk of price collapse,\" added he.

LNG, or gas turned in to liquid form so that it could be transported effortlessly,
has been gaining momentum for the last few years since customers look to secure
supplies of energy with no need to build new pipelines.

Throughout Europe, the US and Asia, either construction of LNG importing terminals
is underway or the existing ones are being expanded to accommodate more quantity.

High costs of construction, sustained higher prices of oil, and an anticipated
shortage of LNG prior to 2012 have buoyed up producers like Indonesia (the biggest
exporter in world until 2006), to demand considerably higher long-term costs from
consumers.

As per the RNCOS report “European LNG Market Analysis”,
“It’s expected that the demand for LNG in Europe will reach 79 Million
Tons to 98 Million Tons by the year 2020, primarily driven by the market forces
namely energy security, fuel diversification policies for reducing dependence upon
imported oil etc.”

This research report on “European LNG Market Analysis” provides
extensive research and objective analysis of the LNG industry in Europe. The report
also addresses some interesting issues for today’s global business environment
such as opportunity areas for the players in LNG industry and challenges they will
face in future to survive in the European LNG industry, factors leading to success
in European LNG Industry, and so on.

About RNCOS E-Services Pvt Ltd.:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit: http://www.rncos.com/Report/IM0304.htm
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Web Site = http://www.rncos.com

Contact Details = RNCOS E-Services Pvt Ltd.
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial Area, Delhi 92
91-11-4214-1229
info@rncos.com