Tag Archives: Narendra Modi

India has already built 5.33 million tons of underground reserves in three locations.

The West has sought for decades to secure oil resources for its own energy security.

OPEC forecasts India'.s crude oil demand will expand to 5.8 million barrels per day by 2040.

In India. gas is primarily used for fertilizers. followed by power generation. domestic fuel - largely for cooking - transport and petrochemicals.

The Indian government has not yet disclosed the price tag for making this significant switch away from crude and toward natural gas.

Saudi Arabia is India’s second largest oil supplier after Iraq.

India is the world’s third-largest consumer of oil.

India has embarked on the path of becoming a gas-based economy.

India’s economic development is likely to have a considerable impact on future international energy markets.

Over the next seven year the government plans to build another 11 terminals which would raise India’s LNG import capacity.