Synopsis
The increase in production augments well with the government plans for raising the share of natural gas in the country's energy basket to 15 per cent by 2030 from the current 6.2 per cent in a bid to cut emissions.
Agencies
India's natural gas production is projected to jump by 52 per cent to 122 million standard cubic metres per day by 2024 as state-owned Oil and Natural Gas Corporation (
Reliance Industries Ltd-BP combine raise output from the KG basin fields. Natural gas production in 2019-20 was 85 mmscmd, which is estimated to have fallen to 80 mmscmd in the following year, HDFC Securities said in a report.