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India expects natural gas production to double by 2022 as it seeks to reduce its dependence on the country's imports and meet expected domestic demand growth
, government officials said on Friday, Reuters reported in New Delhi, Oct.
26.
India's Hydrocarbon Commander-in-Chief VP Joy organized an investment roadshow in Singapore where India's natural gas production is expected to increase from the current 3.
3 billion cubic meters to 60 billion cubic meters (bcm).
India plans to invest another $2 billion over the next three to five years, especially in deepwater and offshore areas, to increase its natural gas production
.
"There's a lot of potential (higher in number) because of all the various bidding rounds," Joey told
reporters on the sidelines of the roadshow.
This week, India is seeking Singaporean companies to invest in its upstream oil and gas sector and help build its strategic oil reserve.
After China, the United States and Russia, the world's fourth-largest energy consumer is pushing to more than double the share of natural gas in its energy mix to 15%
by 2022.
India expects natural gas production to double by 2022 as it seeks to reduce its dependence on the country's imports and meet expected domestic demand growth
, government officials said on Friday, Reuters reported in New Delhi, Oct.
26.
India's Hydrocarbon Commander-in-Chief VP Joy organized an investment roadshow in Singapore where India's natural gas production is expected to increase from the current 3.
3 billion cubic meters to 60 billion cubic meters (bcm).
India plans to invest another $2 billion over the next three to five years, especially in deepwater and offshore areas, to increase its natural gas production
.
"There's a lot of potential (higher in number) because of all the various bidding rounds," Joey told
reporters on the sidelines of the roadshow.
This week, India is seeking Singaporean companies to invest in its upstream oil and gas sector and help build its strategic oil reserve.
After China, the United States and Russia, the world's fourth-largest energy consumer is pushing to more than double the share of natural gas in its energy mix to 15%
by 2022.
