India plans $60 bn investment in gas infrastructure until 2024: Pradhan

Petroleum Minister Dharmendra Pradhan on Thursday said the government has planned a USD 60-billion investment for creating gas infrastructure in the country till 2024, and gas’ share in the energy mix is expected to rise to 15 per cent by 2030.

Currently, gas accounts for 6 per cent in the country’s total energy mix.

Speaking at Assocham Foundation Day Week 2020, the minister said, “On the investments front, we have envisaged a spend of USD 60 billion in creating gas infrastructure till 2024, including for pipelines, LNG terminals and CGD (city gas distribution) networks.”

He further told, “We are ushering a gas-based economy by increasing the share of natural gas in India’s primary energy mix from 6.2 per cent to 15 per cent by year 2030.”