India to end federal control of gas prices, lift LNG transport use
NEW DELHI: India will gradually end federal controls on gas pricing as it seeks to attract foreign investment and technology to lift local output, oil minister Dharmendra Pradhan said on Friday.
India, which is a large emitter of greenhouse gases and has multiple gas pricing regimes, aims to raise the share of gas in its energy mix to 15% by 2030, from 6.2%.
“This is an incentive we are giving to investors to come to India and take advantage of pricing and marketing freedom and produce more and invest more,” Pradhan said at the BNEF summit.
