Market forces to benefit India, consumers; US gas can be competitive for India: FERC

US Federal Energy Regulatory Commission (FERC) Chairman Neil Chatterjee on Tuesday advocated market forces being allowed to decide energy markets, and said India has the appetite for the "competitive" US gas.

FERC, which regulates the electricity and natural gas sector in the US, is discussing an MoU with India's Central Electricity Regulatory Commission (CERC) to share its experience with the capacity market, oversight and enforcement, Chatterjee told reporters here.

Drawing from the experience of US markets, he said subsidies distort price signals in the market. "Markets provide efficiencies and benefits to consumers. Ultimately market forces will be to the benefit of India and Indian consumers."
"The US is providing an alternate source that is beneficial to our allies. And environmentally as well," Chatterjee said. "US gas can be competitive and I think there will an appetite for US gas here."