RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2016-12-02 18:30:00

INDIA'S GAS INVESTMENT: $20 BLN

INDIA'S GAS INVESTMENT: $20 BLN

NGW wrote, India is expected to see investment to the tune of $20bn in next five to seven years in development of gas fields, country's oil minister Dharmendra Pradhan said at an event in New Delhi.

The investment will go into developing natural gas discoveries by state-owned ONGC and Reliance Industries-BP joint venture off the east coast.

"We are now expediting production of gas from domestic sources to the extent of 20 trillion ft³ from already discovered sources through policy, fiscal and regulatory mechanism. These fields and the current auctions of Discovered Small Fields are going to add to the domestic supplies in the next 3-4 years," Press Trust of India quoted the minister as saying.

Natural gas makes up for 6% of the primary energy basket in India as against a global average of more than 24%. Pradhan has often said that government is working towards increasing the share of gas in the overall energy mix. Speaking at the event to launch the Gas4India campaign in September, the minister said the government has taken initiatives and policy reforms throughout the gas chain.

He said that besides the move to enhance gas production, the government is promoting nationwide gas grid and setting up gas infrastructure. He said that Gas Authority India has already finished the tendering process for gas grid and actual process of laying pipelines will begin soon. New LNG import terminals are expected to come online in next three to four years. Pradhan said the government is going to take steps to increase coalbed methane output, and also promote bio-CNG and bio-PNG.

-----

Earlier: 

INDIA'S LNG IMPORTS UP 33% 

6 MB IRANIAN OIL FOR INDIA 

INDIA'S OIL CONSUMPTION UP TO 10.9% 

INDIA HAS FOUND GAS 

INDIA'S HIGH GROWTH

 

 

 

 

Tags: INDIA, GAS, INVESTMENT, ONGC,
Chronicle:
INDIA'S GAS INVESTMENT: $20 BLN
2022, May, 16, 11:54:00
WORLD GAS CONFERENCE 2022
The 28th World Gas Conference (WGC 2022) takes place in Daegu, the energy city of Korea in May 2022.
INDIA'S GAS INVESTMENT: $20 BLN
2022, May, 16, 11:53:00
6TH ANNUAL LNG SUMMIT USA
The 6th Edition of Wisdom’s Much Acclaimed Annual LNG Summit Will Be Held Live in Houston - PREPARING THE INDUSTRY FOR THE RISE IN DEMAND FOR LNG
INDIA'S GAS INVESTMENT: $20 BLN
2022, May, 16, 11:50:00
U.S. CO2 EMISSIONS UP
In 2021, U.S. energy-related carbon dioxide (CO2) emissions increased by 296 million metric tons (MMmt), or 6%, compared with 2020 levels.
INDIA'S GAS INVESTMENT: $20 BLN
2022, May, 16, 11:45:00
BRITAIN'S NUCLEAR DEVELOPMENT
In early April, the government published its Energy Security Strategy, setting out its ambitions for eight new reactors, plus small modular reactors, helping to produce 24 GWe of nuclear generating capacity by 2050, representing about 25% of the UK's projected electricity demand.
INDIA'S GAS INVESTMENT: $20 BLN
2022, May, 16, 11:40:00
SAUDI ARAMCO NET INCOME $39.5 BLN
Aramco announces first quarter 2022 results Net income: $39.5 billion (Q1 2021: $21.7 billion)
INDIA'S GAS INVESTMENT: $20 BLN
2022, May, 16, 11:35:00
PHILIPPINIAN RENEWABLES 2 GW
The Philippines has an installed capacity of 26.8 GW (end-2021), with 41% of coal, 17% of oil, 14% of hydro and 13% of gas.
INDIA'S GAS INVESTMENT: $20 BLN
2022, May, 16, 11:30:00
U.S. RIGS UP 9 TO 714
U.S. Rig Count is up 9 from last week to 714, Canada Rig Count is down 3 from last week to 88.
All Publications »