India expects $5 billion in gas investments in its northeast

GUWAHARI, March 6, 2024 – As India targets raising the share of natural gas in its energy mix, the country’s oil minister has pegged the anticipated investment in gas pipelines in the northeast at USD 4.95 billion, Reuters reported on Monday.

The investment is expected to come from companies, Minister of Oil Hardeep Singh Puri was cited as saying.

India’s current share for natural gas in the energy mix is 6.2%. Prime Minister Narendra Modi aims to raise this to 15% by 2030 as part of the country’s energy transition priorities.

The country is shifting away from coal-fired power generation and targeting net zero emissions by 2070.

Northeast India comprises the states of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Tripura and Sikkim. Its largest city is Guwahati.

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