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India Hopes For a 75 Percent Increase in Gas Production
Nov. 10, 2014 11:12AM PST
Resource Investing
India’s Petroleum Ministry is forecasting a 75 percent increase in natural gas production over the next five years, providing a ray of sunshine in a dismal energy market.
India’s Petroleum Ministry is forecasting a 75 percent increase in natural gas production over the next five years, providing a ray of sunshine in a dismal energy market.
According to Mining Weekly:
In an internal note circulated among relevant government departments, including the Power Ministry, the Petroleum Ministry said that higher natural gas production would be achieved despite lower production in the current year and the fact that about 24 000 MW of natural gas-based powerprojects have been left stranded owing to a shortage of fuel.