India investing $60 billion on gas grid terminals by 2024: Oil minister

NEW DELHI: India, one of the world’s largest consumers of oil and coal, is investing $60 billion to build a national gas grid and import terminals by 2024 in a bid to cut its carbon emissions, the oil minister said on Sunday.
India has struggled to boost its use of gas, which produces less greenhouse gas emissions than coal and oil, because many industries and towns are not linked to the gas pipeline network.
Gas consumption growth was running at 11% in 2010 but growth slid to just 2.5% in the financial year 2018/19.
Oil minister Dharmendra Pradhan told reporters at India Energy Forum by Ceraweek that companies were investing $60 billion in the network and building new gas import facilities to link all states by mid-2024, when the government’s term ends.