Due to the issue of Climate Change, regulators around the world are focused on reducing the carbon emissions by reducing reliance on Crude Oil. The progress towards clean source of energy definitely is taking place but not at a pace to make an impact. Despite the slow pace, oil prices are not moving towards the sky high prices that the world was used to until 2014. There are many other nations planning to draft the regulations to curb use of crude oil. 1. Indian Natural Gas Scene Indian Oil and gas regulator PNGRB has hired global consultancy ICF to carry out an assessment of India's natural gas demand and the infrastructure needed to unleash the country's massive pent-up requirement. The demand centers in India do not have major access to gas due to lack of infrastructure. Currently, natural gas makes up for just 6.2% of all forms of energy consumed in the country. Additional to India's economical instabilities, oil prices are making it tough for India's budget. LNG import capacity is expected to double to 66M tonnes in 2020-21. India although not a market as big as China is still expected to make an impact. 2. IMO 2020 Emission Standards The regulation is IMO 2020. The International Maritime Organization will ban shipping vessels using fuel with a sulphur content higher than 0.5% as compared to the upper limit of sulphur oxide at 3.5%. The shipping industry is under tremendous pressure as the pollutant as expected helps with acid rain formation, damages vegetation & wildlife and also is a major cause of respiratory illnesses. For more info, check out: https://seekingalpha.com/instablog/50126772-shar3110/5391392-oil-gas-momentum-for-start-of-2020