India still has unexploited potential of natural gas, says Bob Dudley of BP plc

A somewhat optimistic Bob Dudley, Group Chief Executive, BP plc, believes that India still has the unexploited potential of natural gas.

Dudley, who was at the “India Energy Forum by CERAWeek”, said that “I believe that there are close to 100 trillion cubic feet of natural gas resources yet to be found below ground here in India. That in itself can meet half of the natural gas demand out to 2050.”

But a lot will depend on how the economics works out. “India also has the right resources above and below ground. It has relationships in place to maximise those resources. And it has a responsible policy in place to enable those relationships to run effectively and efficiently,” he added.