LNG

The Indian Minister of Petroleum and Natural Gas, Dharmendra Pradhan, said the government was committed to promoting a natural gas-based economy and that infrastructure investment requirements amounted to around $100 billion for pipelines, city-gas connections, LNG terminals and gas fuel projects.

India attracted 110 bids for its first open-acreage round for oil and natural gas exploration and production licences for 55 blocks onshore and offshore as the nation also continued to build its LNG import volumes to meet rising demand and to expand energy infrastructure.