LNG

Reliance Industries of India and BP of the UK said a second natural gas field had come on stream ahead of the mid-2021 schedule in the Krishna Godavari Basin offshore the Indian East Coast, adding to the nation’s gas supply in addition to LNG shipments.

UK major BP and India's Reliance Industries Ltd have started production from an ultra-deep-water block in the Krishna Godavari Basin offshore the East Coast of India as part of a project that will eventually supply about 15 percent of India’s domestic gas needs and slightly reduce the nation's LNG import requirements, though overall demand is forecast to increase in the years ahead.