India to invest USD 60 billion to develop gas: Oil Minister Dharmendra Pradhan

Natural gas currently constitutes 6.2 per cent of all energy consumption in the country. Stating that the government has laid emphasis on developing a gas-based economy, he said natural gas is gradually becoming a bridging fuel for low carbon economy in India.

The government is giving special impetus to develop gas infrastructure across the length and breadth of the country connecting north to south and east to west parts of India, he said. “I am happy to inform you that as we speak, an estimated investment of 60 billion US dollars is underway in building gas pipeline and terminal infrastructure that are nearing or in advanced stages of completion,” he said in his opening remarks at the third International Think Tank Meeting (ITT) here.