India urged to unlock gas potential
India BP India country head Sashi Mukundan
According to BP country head Sashi Mukundan, discoveries made in India to date point to recoverable gas reserves of between 283.2 bcm (10 tcf) and 424.8 bcm (15 tcf) by 2022. In its Statistical Review of World Energy 2016, BP puts total Indian gas reserves at 1.5 tcm (52.6 tcf).
“[This] domestic production can substitute INR 10 trillion [USD 149 billion] worth of imports,” Mukundan said. Unlocking these gas reserves would require around USD 45 billion through 2022, he added. The expected revenues would be in the range of USD 37.4 billion, according to Mukundan.
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