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Oil & gas infra to see USD 100 bn investment by 2024

Friday, 08 Nov 2019

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India will see USD 100 billion investment in creating oil and gas infrastructure by 2024 in oil refining, pipelines, city gas distribution networks, and LNG terminals.

The Central government intends to chart its own course of energy transition in a responsible manner. Of this, USD 60 billion will flow into the creation of gas infrastructures such as pipelines, city gas networks, and import terminals.

The share of renewable in electricity capacity has significantly gone up now to 22 percent from around 10 percent in 2014-15. Also, the ethanol blending percentage in petrol has risen from 0.67 percent in 2012-13 to close to six percent now.