India Business Journal - Govt to invest $60 bn in gas infrastructure

ECONOMY

Govt to invest $60 bn in gas infrastructure

IBJ Bureau
Dec 31, 2020

Union Petroleum Minister Dharmendra Pradhan has said that the government has planned a $60-billion investment for creating gas infrastructure in the country till 2024. With this, share of gas in the energy mix is expected to rise to 15 per cent by 2030. Currently, gas accounts for 6.2 per cent in the country’s total energy mix. India’s first, automated, national-level, gas-trading platform was launched in June this year to promote and sustain a robust gas market. Besides, coverage of city gas distribution projects is being expanded to 232 geographical areas with potential to cover about 53 per cent of the country’s geography and 70 per cent of its population.