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Natural gas consumption must rise 3-fold in 10 years

Natural gas consumption must rise 3-fold in 10 years
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India's natural gas consumption will have to rise more than three-folds in next 10 years for the environment friendly fuel's share to increase to 15 per cent in the country's energy basket, Oil Minister Dharmendra Pradhan said on Thursday adding that a massive $60 billion is being spent to expand gas infrastructure to meet such a demand.

New Delhi: India's natural gas consumption will have to rise more than three-folds in next 10 years for the environment friendly fuel's share to increase to 15 per cent in the country's energy basket, Oil Minister Dharmendra Pradhan said on Thursday adding that a massive $60 billion is being spent to expand gas infrastructure to meet such a demand.

Natural gas currently makes up for 6.2 per cent of all energy consumed in the country. To cut dependence on polluting coal and liquid fuels, the government is targeting its share to rise to 15 per cent by 2020-30.

"Gas consumption has to rise to 600 million standard cubic metres per day for achieving 15 per cent share in energy basket" from current levels of 166 mmscmd, he said at a Ficci conference on gas infrastructure.

The current consumption comprises 80-90 mmscmd of domestic output and the remaining coming by way of imports, he said.

"A massive $60 billion is being spent on building gas infrastructure to meet the demand," he said. The investment is being done in building LNG import terminals, laying pipelines and others.

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