India becomes second-fastest growing gas market; $30 billion war chest ready for supply boom


India becomes second-fastest growing gas market; $30 billion war chest ready for supply boom

India has become the second-fastest growing natural gas market globally as a result of a sustained policy push by the government that is aided by firm investment plans to the tune of a whopping $30 billion for production, import and distribution infrastructure.

“India is second-fastest growing gas markets globally. In recent years, there has been a significant policy push by the Indian government to improve infrastructure, which has included giving new licences for city gas distribution, raising pipeline tariffs for long-haul pipes, and banning more polluting fuels like fuel oil and petcoke,” Morgan Stanley said today.

The multinational investment bank added that India is investing significantly to meet its growing demand. Read More

Leave a Reply

Your email address will not be published.