India’s Natural Gas Demand Increases

By admin • April 6th, 2010

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The Indian natural gas industry is committed to create infrastructure, involving a phase of high investment, to handle the volumes produced due to rising demand and the domestic availablity of natural gas. India’s natural gas availability saw an increase of more than 50 per cent in the last 10 months.

A joint-venture, to develop the infrastructure across the state of Maharashtra, was entered into by the Gas Authority of India Ltd (GAIL (India) Ltd) and the Maharashtra Industrial Development Corporation (MIDC). The joint-venture will proceed with an initial authorised share capital of Rs 100 crore (US$ 22.26 million).

Additionally, from 2012 South India will start getting natural gas produced from the Krishna-Godavari basin (K-G basin) the Ministry of Petroleum and Natural Gas has said. The ministry also hopes that pipeline connectivity to transport gas will also be ready by 2012.

 

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