India's gas consumption to rise to 400 bcm in 2030
By PTI |
Highlights
NEW DELHI: India needs to put in place policies, incentives and infrastructure to prepare for rising consumption of natural gas from current 31 billion cubic meter (BCM) per year to 400 BCM in 2030, a study released on Monday said.
"Assuming that each additional one BCM of gas will cost about $1 billion to develop, this would imply an investment of more than $350 billion till 2030," the study by Petroleum Secretary M S Srinivasan at the Petrotech Conference said.
'The green imperative; future of natural gas in India' suggests adoption of net back gas pricing approval based on market replacement of gas, compared with alternative fuels through market determined pricing.
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
