IOCs bullish on Indian upstream gas sector

Policies to boost the use of gas are making India a more attractive destination for major players to invest in, industry figures say Policies to boost the use of gas are making India a more attractive destination for major players to invest in, industry figures say.
By Garima Chitkara 11 October 2017 0 27930
Hazira LNG terminal, india India’s Hazira LNG terminal. (Hazira LNG and Port)

International oil and gas majors have expressed optimism about India’s upstream gas sector, pointing to favourable policies and the rise of renewables as key growth drivers.

Dev Sanyal, executive vice president and chief executive of alternative energy at BP, told a panel at the CERAWeek India Energy Forum in New Delhi this week that he was bullish about the prospects for gas demand in the country because the government is moving towards greater freedom for gas producers in pricing and marketing

India is also creating a favourable...

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