India expects to double gas production by 2022

India is planning to double its natural gas production by 2022 as the country seeks to reduce its reliance on imports and to meet an anticipated surge in domestic demand.

V P Joy, director general of India’s Directorate General of Hydrocarbon, said India is expected to double its gas production to over 60 billion cubic metre (bcm) from the current 33 bcm.

He was speaking to reporters on the sidelines of an investment roadshow in Singapore. “There is a lot of potential because of all the various bidding rounds,” he said.

ndia plans to spend an additional $2 billion in the next three to five years, particularly in deepwater and offshore areas, to increase its gas production. India is wooing companies in Singapore this week to invest in its upstream oil and gas sector and also to help build its strategic petroleum reserves.

Image Credit : static.businessworld.in

Research Desk

Next Post

Vizag civic body to set up 15 MW floating solar project

Tue Oct 30 , 2018
The Greater Visakhapatnam Municipal Corporation (GVMC) is planning to set up a 15 MW floating solar power project with about Rs 100 crore on the Meghadrigedda reservoir. Called the largest floating solar project in the country, takes the floating solar power capacity of the GVMC to 20 MW. This apart, […]
Vizag civic body

Categories

Blog Stats