Share of natural gas in Indian fuel basket at 6.5% – Feedback

The share of natural gas in India’s fuel basket is 6.5 per cent as compared to the world average of 23.8 per cent.

This is according to the Minister of State (Independent Charge) for Petroleum & Natural Gas Dharmendra Pradhan who referred to the BP Statistical Review of World Energy, June 2015 in a written reply a question in the Lok Sabha on Monday. Pradhan also said that in order to increase the share of gas in the fuel basket, several steps have been taken by the government including approval of Hydrocarbon Exploration and Licensing Policy as well as approval of a policy to auction 67 discovered small fields belonging earlier to ONGC and Oil India. “Marketing and pricing freedom for new gas production from deepwater, ultra deepwater and high pressure-high temperature areas subject to certain condition has been allowed,” the reply stated.

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *