LNG

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.

BP of the UK and one of India’s largest conglomerates, Reliance Industries, have taken a final investment decision to develop the second phase of a $6-billion deepwater natural gas project to open new Indian production when the nation is also increasing its LNG imports and expanding its regasification and pipeline infrastructure.