India’s 100 tcf gas reserves enough to meet half of demand till 2050: BP
UK supermajor BP plc chief executive Bob Dudley on Monday said there are 100 trillion cubic feet of yet-to-be-discovered natural gas reserves in India that would be enough to meet half of the nation’s gas demand till 2050.
BP in partnership with Reliance Industries is investing about $5 billion to bring about 1 billion cubic feet a day of new domestic gas onstream beginning mid-2020, he said.
Also, the company is expanding the partnership into fuel retailing that will entail scaling up RIL’s present network of 1,400 petrol pumps to 5,500 by 2023. These pumps, besides retailing petrol and diesel, would also have electric vehicle charging facility, he said.
