India to see $66 billion investment in gas infrastructure

Date posted: Thursday 3 December 2020

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. The government is targeting raising the share of natural gas in its energy basket to 15 per cent by 2030 from the current 6.3 per cent. This will entail gas consumption rising manifolds from current 160-170 million standard cubic meters per day. Pradhan said India is an attractive investment destination for the energy sector as several policy reforms have enhanced ease of doing business. “A testament to the same is the projected investment of USD 143 billion in the Indian oil and gas sector.”

(Financial Express)

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