India will see a massive USD 66 billion investment in the building of gas infrastructure as the government pushes for greater use of the cleaner fuel with a view to cutting down carbon emissions, Oil Minister Dharmendra Pradhan said on Wednesday.

India has announced plans to build a 10 GW dam on the Brahmaputra (Yarlung Tsangbo) River, which flows from Tibet into India and Bangladesh.

India was an attractive market for the US for innovation, alternative energy, and investment avenues.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.39% while Japan’s Nikkei gained 0.91%.

The solar capacity addition in India in the first quarter of 2020 was the lowest since 2016.

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.71% on Monday,

RCEP covers 30% of the global economy and 30% of the global population, joining for the first time Asian powers China, Japan and South Korea. It aims in coming years to progressively lower tariffs across many areas.

MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.17% on Tuesday, a day after hitting its highest level since launching in 1987.

The pressure on Energy Solution Providers has been building for quite some time. Instead of backing coal, new finance is getting behind renewable energy and putting shareholder pressure on forcing decisions on those still involved in the fossil fuel areas.

The government will spend 1.2 trillion rupees ($16.1 billion) on the latest stimulus program in addition to the 1.45 trillion rupees announced on Wednesday,

"India is set to nearly double its energy consumption over the long-term," Prime Minister Narendra Modi told the virtual forum. "Our energy sector will be growth-centric, industry friendly and environment-conscious."

The rise in imports came despite India's LPG consumption edging down 0.26% on month to 2.267 million mt in September after several consecutive months of increase, although it was up 4.8% year on year, the PPAC data showed.

Total US feedgas deliveries stood at 9.85 Bcf/d on Nov. 2, down from 10.02 Bcf/d the day before and 10.37 Bcf/d on Oct. 31

The government of India attaches great importance to improving energy security and transforming India’s energy landscape at a time when the COVID-19 pandemic is adversely impacting the global energy sector.

With coal delivering to India for less than $3/MMBtu, the price is still more competitive than LNG,