India gains prominence in the market with LNG

The world’s leading companies in the P&G sector are Focused on India and interested in its liquefied natural gas (LNG). This is all because the country currently stands out with investments in Gas infrastructure and strives to reduce pollutant emissions.

The French company Total, for example, undertook to Invest US $600 million in the gas sector of India and last week, said that Bought a 37.4% stake in Adani Gas Ltd (ADAG. NS). In addition, BP also Is investing US $5 billion on the east coast of the country to produce gas from April or May 2020.

This is because the world’s third largest oil importer is investing US $60 billion in infrastructure, including installing pipelines and importing LNG terminals to connect regions.

The downside is that the country still needs more infrastructure to transport gas. According to the government, India currently consumes 166 million standard cubic meters per day (mscmd) of gas, of which half is reached by LNG imports.

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